Use app×
Join Bloom Tuition
One on One Online Tuition
JEE MAIN 2025 Foundation Course
NEET 2025 Foundation Course
CLASS 12 FOUNDATION COURSE
CLASS 10 FOUNDATION COURSE
CLASS 9 FOUNDATION COURSE
CLASS 8 FOUNDATION COURSE
0 votes
5.9k views
in Accounts by (57.7k points)

X, Y and Z are partners sharing profits in the ratio of 5 : 3 : 7. X retires from the firm. Y and Z decided to share future profits in the ratio of 2 : 3. The adjusted Capital Accounts of Y and Z showed balance of Rs 49, 500 and Rs. 1,05,750 respectively. The total amount to be paid to X is Rs. 1,35,750. This amount is to be paid by Y and Z in such a way that their capitals become proportionate to their new profit-sharing ratio. Calculate the amount to be brought in or to be paid to partners.

1 Answer

+1 vote
by (55.7k points)
selected by
 
Best answer

Total capital of firm before retirement

Welcome to Sarthaks eConnect: A unique platform where students can interact with teachers/experts/students to get solutions to their queries. Students (upto class 10+2) preparing for All Government Exams, CBSE Board Exam, ICSE Board Exam, State Board Exam, JEE (Mains+Advance) and NEET can ask questions from any subject and get quick answers by subject teachers/ experts/mentors/students.

Categories

...