Asha, Deepa and Lata are partners in a firm sharing profits in the ratio of 3:2:1. Deepa retires. After making all adjustments relating to revaluation, goodwill, Payment to Deepa and accumulated profit etc., the capital accounts of Asha and Lata showed a credit balance of ₹1,60,000 and ₹80,000 respectively. It was decided to adjust the capitals of Asha and Lata in their new profit sharing ratio. You are required to calculate the new capitals of the partners i.e Asha and Lata.
Answer & explanation
Correct answer: option 2
The correct answer is Option (2) → Rs. 1,80,000 & Rs. 60,000
When the total capital of the new firm is not specified, it is taken as the sum of the continuing partners’ adjusted capitals, and this total is divided in their new profit sharing ratio. With no other information, Asha and Lata continue in their old ratio 3:1.
Total capital = Rs. 1,60,000 + Rs. 80,000 = Rs. 2,40,000
New ratio of Asha and Lata = 3:1
Asha’s new capital = Rs. 2,40,000 × 3/4 = Rs. 1,80,000
Lata’s new capital = Rs. 2,40,000 × 1/4 = Rs. 60,000
So Asha brings in Rs. 20,000 and Lata withdraws Rs. 20,000. Option (4) only repeats the existing balances.
NCERT (2026-27 edition):
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