Practicing Success

Target Exam

CUET

Subject

Accountancy

Chapter

Reconstitution of Partnership Firm: Retirement and Death

Question:

How much amount will be brought by A & B, if new capital of ₹90,000 must be in the ratio of 3:2 and existing is ₹43,200 & ₹11,200 respectively?

Options:

₹30,000 & ₹60,000

₹60,000 & ₹30,000

₹10,800 & ₹24,800

₹24,800 & ₹10,800

Correct Answer:

₹10,800 & ₹24,800

Explanation:

The correct answer is option 3- ₹10,800 & ₹24,800.

₹90000 is new capital that should be in ratio of 3:2
A's share = 90,000*3/5
               = ₹54,000
B's share = 90,000*2/5
               = ₹36,000

A's existing capital = 43,200
So brought by A = 54,000- 43,200
                          = ₹10,800

B's existing capital = 11,200
So brought by B = 36,000-11,200
                          = ₹24,800