After Deepa's retirement and all adjustments, the capital balances are:
- Asha: Rs. 1,60,000
- Lata: Rs. 80,000
Total Capital = 1,60,000 + 80,000 = Rs. 2,40,000
To find the new profit sharing ratio between Asha and Lata, we look at their original shares:
Original ratio = Asha : Deepa : Lata = 3 : 2 : 1
When Deepa retires, Asha and Lata continue in their existing proportion to each other.
New ratio of Asha and Lata = 3 : 1
The total capital of Rs. 2,40,000 needs to be distributed in the ratio 3 : 1:
Asha's New Capital = 3+13×2,40,000=43×2,40,000 = Rs. 1,80,000
Lata's New Capital = 3+11×2,40,000=41×2,40,000 = Rs. 60,000
Since Asha's capital needs to increase from Rs. 1,60,000 to Rs. 1,80,000, she will bring in Rs. 20,000. Since Lata's capital needs to decrease from Rs. 80,000 to Rs. 60,000, she will withdraw Rs. 20,000.
Answer: Rs. 1,80,000 & Rs. 60,000