Aman, Daman and Lata are partners with profit sharing ratio of 3 : 2 : 1. Daman retired after making all adjustments relating to revaluation, goodwill and reserves etc. The capital accounts of Aman and Lata showed a credit balance of ₹1,60,000 and ₹80,000 respectively. It was decided to adjust the capitals of Aman and Lata in their new profit sharing ratio. Calculate the new capital of Aman.
Answer & explanation
Correct answer: option 2
The correct answer is Option (2) → ₹ 1,80,000
Total capital of the new firm = ₹1,60,000 + ₹80,000 = ₹2,40,000
New ratio of Aman and Lata = old ratio between them = 3 : 1
Aman’s new capital = ₹2,40,000 × 3/4 = ₹1,80,000
Lata’s new capital = ₹2,40,000 × 1/4 = ₹60,000, so Aman brings in ₹20,000 and Lata withdraws ₹20,000.
NCERT (2026-27 edition):
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