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Question 24 Chapter 2 - Unimax Class 12 Part 1
24. A starts a business on 1st January, 2021 with Rs. 5000. B joins on 1st May, 2021 with Rs. 10000. On 1st July, 2021 C comes in as a partner with Rs. 15000. On the same date, A contributed Rs. 5000 and B Rs. 10000 as further capital. Calculate capital ratios of partners.
| Name of Partner | Date | Capital (Rs.) | Months | Product (Rs.) |
|---|---|---|---|---|
| A | 1st Jan., 2021 | 5000 | 12 | 60000 |
| 1st July., 2021 | 5000 | 6 | 30000 | |
| 90000 | ||||
| B | 1st May., 2021 | 10000 | 8 | 80000 |
| 1st May., 2021 | 10000 | 6 | 60000 | |
| 140000 | ||||
| c | 1st May., 2021 | 15000 | 6 | 90000 |
Capital Ratio = 90000 : 140000 : 90000
= 9 : 14 : 9
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Accounting & Commerce Educator
Sarbjit Singh holds a B.Com and M.Com degree and has over 12 years of teaching experience in double entry bookkeeping, financial accounting, and business studies.
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