Question
Accountancy Question on Shares
A and B are partners sharing profits in the ratio of 2:1. C is admitted for the 1/4th share of profits, who brings *20,000 as capital. After all adjustments related to goodwill, revaluation of assets and reassessment of liabilities etc, Capital of A and B are ₹45,000 and ₹15,000 respectively. It is agreed that partners capitals should be according to the new profit sharing ratio.
Determine the new capital of B.
A
₹ 20,000
B
₹ 40,000
C
₹ 80,000
D
₹ 45,000
Answer
₹ 20,000
Explanation
Solution
The correct option is (A): ₹ 20,000