Sarthaks Test
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X, Y and Z are partners in a firm sharing profits in the ratio of 3:2:1. On 1st April, 2009, Y retires from the firm. X and Z agree that the capital of the new firm shall be fixed at Rs.2,10,000 in the profit-sharing ratio The Capital Accounts of X and Z after all adjustments on the date of retirement showed balance of Rs.1,45,000 and Rs.63,000 respectively. State the amount of actual cash to be brought in or to be paid to the partners.

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Ascertainment of actual cash to be brought in or to be paid to the partners

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