A and B are partners in a firm sharing profits in the ratio 2:1. C is admitted into the firm with 1/4th share in profits and he brings Rs. 30,000 as his capital. If the capitals of A and B are to be adjusted in their profit sharing ratio then the capital of A will be-
Answer & explanation
Correct answer: option 2
The correct answer is Option (2) → Rs. 60,000
When the old partners’ capitals are to be adjusted on the basis of the new partner’s capital, the total capital of the firm is first worked out from the new partner’s capital and share.
Total capital = Rs. 30,000 × 4/1 = Rs. 1,20,000
Share left for A and B = 1 − 1/4 = 3/4, shared 2:1
A’s share = 3/4 × 2/3 = 2/4
A’s capital = Rs. 1,20,000 × 2/4 = Rs. 60,000
NCERT (2026-27 edition):
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