Practicing Success
A and B are partners having their adjusted Capital balances 1,28,000 and 72,000 respectively and on that date, they admit C as a new partner for equal share. C brings necessary amount as his share of capital. Calculate C's capital. |
₹80,000 ₹3,00,000 ₹1,00,000 ₹1,20,000 |
₹1,00,000 |
The correct answer is Option (3) - ₹1,00,000. A and B adjusted Capital balances 1,28,000 and 72,000 C admits with equal share means now all three partners share profits in equal ratio i.e. 1:1:1 |