Question 56 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

Q-56 - CH-5 - Usha +2 Book 2018 - Solution

Question 56 Chapter 5 of +2-Part-1

56. (Adjustment of Capital) A and B are in partnership sharing profit and loss in a 2: 1 ratio.1 They admit C for share. C brings Rs.60,000 as his capital. The capital accounts of A and B after all adjustments were Rs.60,000 and Rs. 40,000 respectively. It was decided to adjust to the capital of A and B on the basis of the proportion of C’s capital to his share in the business. Calculate the amount paid or brought in by old partners.

We are providing a solution of Question 56 Chapter 5 of +2 Part-1 in two formats. one is in Video format and another is in article format. Check out both formats as follows:

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The video consists solution of question numbers from 55 to 57 Chapter no. 5 class 12 of Usha publication. To check the direct solution of question no. 56 from the following video by using time stamps of the video.

The solution of Question 56 Chapter 5 of +2 Part-1: –

Calculation of new profit share ratio

Assuming total profits of the firm = Re 1

 Share of profit acquired by C = 1 5
 Remaining share (Joint share of A and B) = 1 – 5 10 = 4 10
 A‘s a new share = 2 x 4 3 5 = 8 15
 B‘s a new share = 1 x 4 3 5 = 4 15
 C’s share = 1 or 1 5 15

New profit sharing ratio = 8 : 4 : 3

Calculation of old partner’s ratio :

 If C’s 1 th capital is Rs. 60,000 5

Total Capital of the firm = 60,000X 5 = Rs. 3,00,000

 A‘s capital in new firm = 3,00,000 x 8 15 = Rs. 1,60,000
 B‘s capital in new firm = 3,00,000 x 4 15 = Rs. 80,000

Fresh Capital to be brought in by A & B

 A B Capital required in the new firm = 1,60,000 80,000 Existing capital of the firm = 60,000 40,000 Fresh Capital to be brought = 1,00,000 40,000

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Also, Check out the solved question of previous Chapters: –