question_answer

Match the followings: X and Y are partners sharing profits in the ratio of 7:3 with a capital of Rs. 2,00,000 each. They admitted Z as a new partner and new profit sharing ratio between X, Y and Z is 5:2:3. Z has paid Rs. 1,20,000 against capital. Find out the capital balance of each partner :

1.	Goodwill already appeared in the books amounting to Rs. 30000. Z was exempted from premium for goodwill.	(A)	X = 1,86,000
			Y = 1,94,000
			Z = 1,20,000
2.	Total goodwill of the firm valued at Rs. 1,00,000 and Z was unable to bring his share of goodwill In cash	(B)	X = 1,79,000
			Y = 1,91,000
			Z = 1,20,000
3	Z was exempted from premium for goodwill. Balance Sheet shows Profit & Loss (Cr.) Rs. 30000 at the time of admission	(C)	X = 2,20,000
			Y = 2,10,000
			Z = 1,20,000
4.	Advertisement suspense = 20000 (Z was exempted from premium for goodwill)	(D)	X = 2,21,000
			Y = 2,09,000
			Z = 1,20,000

 

A) 1-[B]; 2-[C]; 3-[D]; 4-[A]

B) 1-[B]; 2-[C]; 3-[A]; 4-[D]

C) 1-[C]; 2-[A]; 3-[D]; 4-[B]

D) 1-[C]; 2-[D]; 3-[A]; 4-[B]