The Balance Sheet as on April 1, 2025 of Mohit, Neeraj and Sohan who are partners in a firm sharing profits according to their capitals shows the capital balance of Rs 80,000, Rs 40,000 and Rs 40,000 respectively. On March 31, 2026, Neeraj decided to retire from the firm and was paid for his share in the firm and it was decided that the new capital of the firm would be fixed at Rs 1,20,000. The capital account of Mohit and Sohan after all the necesary adjustments showed the credit balalnce of Rs 82,000 and Rs 41,000 respectively. How much capital Sohan needs to bring or withdraw so as to keep the capital balance as per the requirement of the newly constituted firm ?

Sohan will withdraw Rs 1,000

The correct answer is Option (3) → 

Sohan will withdraw Rs 1,000