Mohit, Neeraj and Sohan are partners in a firm sharing profits in the ratio of 2 : 1 : 1. Neeraj retires and Mohit and Sohan decided that the capital…
CUET UG 2025 — Accountancy Partnership
Mohit, Neeraj and Sohan are partners in a firm sharing profits in the ratio of 2 : 1 : 1. Neeraj retires and Mohit and Sohan decided that the capital of the new firm will be fixed at Rs. 1,20,000 and D is to bring in cash equivalent to 1/4th of this amount as his capital. The capital accounts of Mohit and Sohan show a credit balance of Rs. 82,000 and Rs. 41,000 respectively after making all the adjustments. Calculate the actual cash to be paid off or to be brought in by the continuing partners in total-
Held on 31 May 2025 · Verified 13 Jul 2026.
Options
- A
Rs. 2000 brought in
- B
Rs. 1000 paid off.
- C
Rs. 3000 paid off.
- D
Rs. 2500 brought in.
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