C's share is 1/4 for capital of 20,000, so total firm capital = 20,000×4=80,000. New ratio: C = 1/4; remaining 3/4 shared by A:B in 2:1, giving A = 1/2, B = 1/4. B's new capital = 80,000×41=20,000.
A and B are partners sharing profits in the ratio of 2:1. C is admitted for the 1/4th share of profits, who brings Rs.20,000 as capital. After all adjustments related to goodwill, revaluation of assets and reassessment of liabilities etc, Capital of A and B are Rs.45,000 and Rs.15,000 respectively. It is agreed that partners capitals should be according to the new profit sharing ratio.
Determine the new capital of B.
Held on 20 Jun 2023 · Verified 13 Jul 2026.
Rs.20,000
Rs.40,000
Rs.80,000
Rs.45,000
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