Asha, Deepa and Lata are partners in a firm sharing profits in the ratio of 5 : 2 : 3. Deepa retires. After making all adjustments relating to revaluation, goodwill and accumulated profit etc., the capital accounts of Asha and Lata showed a credit balance of Rs. 2,60,000 and Rs. 1,00,000 respectively. It was decided to adjust the capitals of Asha and Lata in their new profit sharing ratio. Calculate the amount brought in or withdrawn by Asha.
Answer & explanation
Correct answer: option 3
The correct answer is Option (3) → Cash paid off to Asha- Rs. 35,000
After Deepa retires, Asha and Lata share future profits in their old ratio 5 : 3. Their total capital is kept and re-divided in the new ratio; a partner holding more than her share is paid off the excess.
Combined capital = Rs. 2,60,000 + Rs. 1,00,000 = Rs. 3,60,000
Asha’s new capital = 5/8 × Rs. 3,60,000 = Rs. 2,25,000
Asha holds Rs. 2,60,000, so cash paid off to her = Rs. 35,000
Lata’s new capital = 3/8 × Rs. 3,60,000 = Rs. 1,35,000, so she brings in Rs. 35,000
Note: NTA picked this question from an NCERT (2026-27) illustration and changed the figures. Do not ignore NCERT while practising numericals.
NCERT (2026-27 edition):
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