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.
Answer & explanation
Correct answer: option 3
The correct answer is Option (3) → ₹1,00,000
C gets an equal share, so the profit sharing ratio becomes 1 : 1 : 1 and C's capital is proportionate to his 1/3 share.
Combined adjusted capital of A and B = ₹1,28,000 + ₹72,000 = ₹2,00,000
A and B together hold 2/3 of the new firm, so total capital = ₹2,00,000 × 3/2 = ₹3,00,000
C's capital = ₹3,00,000 × 1/3 = ₹1,00,000
NCERT (2026-27 edition):
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