A and B are partners in a firm having capital balances of ₹54,000 and ₹36,000 respectively and share profits in the capital ratio. They admit C in partnership for 1/3rd share and C is to bring proportionate amount of capital. What will be the capital amount of C?
Answer & explanation
Correct answer: option 2
The correct answer is option 2- ₹45,000.
Capital of Firm on the basis of A and B = 54,000 + 36,000
= 90,000
Profit sharing ratio = 54,000 : 36,000
= 3:2
C's share = 1/3
Total share of the firm = 1
Remaining share of the firm after C = 1-1/3
= 2/3
Total capital of firm on basis of A and B = 90,000*3/2
= 1,35,000
C share = 1,35,000 x 1/3
= 45,000
Capital of C is 45,000.