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.

₹1,80,000 & ₹60,000

The correct answer is option 2- ₹1,80,000 & ₹60,000.

Asha, Deepa and Lata old ratio = 3:2:1
Deepa retires
New ratio will be same as old ratio
New ratio of Asha & Lata = 3:1

Capital of Asha = 1,60,000
Capital of Lata  = ₹80,000

Total capital = 1,60,000 + 80,000
                  = 2,40,000

New capital of Asha = 2,40,000 x 3/4
                             = 1,80,000

New capital of Lata = 2,40,000 x 1/4
                            = 60,000