Question : Naresh, David and Aslam are partners sharing profits in the ratio of 5:3:7. On 1st April, 2020, Naresh gave a notice to retire from the firm. David and Aslam decided to share future profits in the ratio of 2: 3. The adjusted Capital Accounts of David and Aslam show a balance of Rs. 33,000 and Rs. 70,500 respectively. The total amount to be paid to Naresh is Rs. 90,500 . This amount is to be paid by David and Aslam in such a way that their capitals become proportionate to their new profit-sharing ratio. Question: Cash brought by David and Aslam is
Option 1: 44,600 And 45,900
Option 2: 45,250 each
Option 3: 27,150 and 63,350
Option 4: None of the above
Correct Answer: 44,600 And 45,900
Solution : Answer = 44,600 And 45900
Adjusted Capital of David = 33000
Adjusted Capital of Aslam = 70500
(+) Amount Paid to Naresh = 90500
Total Capital of the New Firm = 1,94,000
David's share = $1,94,000\times\frac{2}{5} = 77,600$
Aslam's share = $1,94,000\times\frac{3}{5} = 1,16,400$
Cash Brought by David and Aslam
= 77600 - 33000 = 44600
= 1,16,400 - 70500 = 45900 Hence, the correct option is 1.
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