Manan, Naman and Sohan are partners in a firm sharing profits and losses in the ratio of 2:1:1. Naman retires and Manan and Sohan decided that the capital of the new firm will be fixed at Rs. 1,80,000. The capital account of Manan and Sohan shows a credit balance of Rs. 1,02,000 and Rs. 61,000 respectively after making all the adjustments. Calculate the actual cash brought in or paid off to Manan.
Answer & explanation
Correct answer: option 3
The correct answer is Option (3) → Manan will bring Rs. 18,000
When the capital of the new firm is fixed, it is divided between the continuing partners in their new profit sharing ratio; here Manan and Sohan go on in their old ratio 2 : 1. Each partner then brings in or takes out the difference from his adjusted capital.
Manan’s new capital = 2/3 × Rs. 1,80,000 = Rs. 1,20,000
Manan holds Rs. 1,02,000, so he brings in Rs. 18,000
Sohan’s new capital = 1/3 × Rs. 1,80,000 = Rs. 60,000; he holds Rs. 61,000, so he withdraws Rs. 1,000
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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