A) Y's Capital A/c Dr. 6,000 To X's Capital A/c 6,000
B) X's Capital A/c Dr. 6,000 To Y's Capital A/c 6,000
C) X's Capital A/c Dr. 600 To Y's Capital A/c 600
D) Y's Capital A/c Dr. 600 To X's Capital A/c 600
Correct Answer: A
Solution :
[a] Y's Capital A/c Dr. 6,000 To X's Capital A/c 6,000Hint: Sacrificing/(Gaining) Share = Old Share - New Share | ||||||
X= \[\frac{3}{5}-\frac{1}{2}=\frac{6-5}{10}=\frac{1}{10}\] Sacrifice | ||||||
Y= \[\frac{2}{5}-\frac{1}{2}=\frac{4-5}{10}=\left( \frac{1}{10} \right)\]Gain | ||||||
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