12th Class Accountancy Admission of a Partner Question Bank MCQs - Reconstitution Of a Partnership Firm : Admission of a Partner

  • question_answer
    A and B are partners in a firm having a capital of Rs. 54,000 and Rs. 36,000 respectively. The admitted C for 1/3rd share in the profit. C brought proportionate amount of capital. The capital brought in by C would be:           (CBSE 2019)

    A) Rs. 90,000         

    B) Rs. 45,000

    C) Rs. 5,400           

    D) Rs. 3,600

    Correct Answer: B

    Solution :

    [b] Rs. 45,000
                                                    (Rs.)
    Hint Capital of A =                    54,000
                          B =                    36,000
          Total Capital =                    90,000
    Firm's share =\[1-\frac{1}{3}=\frac{2}{3}\]
    Total Capital of Firm = 90,000 \[\times \frac{2}{3}\].= Rs. 1,35,000
    C's Capital =1,35,000 \[\times \frac{1}{3}\]= Rs. 45,000


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