Admission of a Partner (Adjustment of Capital) Class 12th accounts

Описание: Admission of a Partner (Adjustment of Capital) Class 12th accounts

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Illustration 86. (Capital Adjustment as per New Partner through cash) A and B were partners in a firm sharing profits and losses in the ratio of 5:3. They admitted C as a new partner for 1/5th share in the profit. The new profit-sharing ratio is 5:3:2. The capitals of A and B after all adjustments amounted to 70,000 and 65,000 respectively. C brings 40,000 as his capital. The capitals of A and B are to be adjusted on the basis of C's capital. Actual cash is to be brought in or to be paid off to A and B as the case may be. Calculate the amount of actual cash to be paid off or brought in by the old partners for the purpose.

Illustration 76. (When the new partner brings proportionate capital) A and B are partners in a firm sharing profits and losses in the ratio of 2:1. The capitals of A and B after all adjustments are *60,000 and 35,000 respectively. They admit C as a partner who is to contribute proportionate capital to acquire a 1/6th share of total capital. Calculate capital to be brought by C.

Illustration 83. (When new partner brings capital on the basis of combined capitals of old partners) A and B are partners in a firm sharing profits and losses in the ratio of 3:2. The capitals of A and B after all adjustments are₹70,000 and 40,000 respectively. They admit C as a partner who is to contribute 1/5th of the combined adjusted capitals of A and B. Calculate capital to be brought by C.