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Question : X, Y and Z are partners sharing profits in the ratio of 5: 3: 7. X retired 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 a 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 a manner that their capital becomes proportionate to their new profit-sharing ratio. The amount to be brought or to be paid to partners will be

Option 1: Y bring Rs 66,000 and Z bring Rs 68,000

Option 2: Y bring Rs 66,900 and Z bring Rs 68,850

Option 3: Y withdrew Rs 66,900 and Z bring Rs 68,850

Option 4: Y bring Rs 66,900 and Z withdrew Rs 68,850


Team Careers360 25th Jan, 2024
Answer (1)
Team Careers360 26th Jan, 2024

Correct Answer: Y bring Rs 66,900 and Z bring Rs 68,850


Solution : Answer = Y bring Rs 66,900 and Z bring Rs 68,850

Adjusted Capital of Y = 49500

Adjusted Capital of Z = 105750

Amount Paid to X = 1,35,750

Total Capital of the New Firm = 2,91,000

Y's share = $2,91,000\times\frac{2}{5} = 1,16400$

Z's share =  $2,91,000\times\frac{3}{5} = 1,74,600$

Bank A/c Dr 66900

To Y's Capital A/c 66900

Bank A/c Dr 68850

To Z's Capital A/c 68850
Hence, the correct option is 2.

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