1 Capital Shortage Introduction questions from CUET Accountancy 2025 14 May Shift 1 with detailed answers and explanations. Free previous year questions and MCQs.
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Capital Shortage Introduction โ CUET Accountancy 2025 14 May Shift 1(1โ1 of 1)
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A, B and C are partners in a firm sharing profits in the ratio of 3:2:1. D is admitted into the firm for 1/4 th share in profits, which he gets as 1/8 th from A and 1/8 th from B. The total capital of the firm is agreed upon as Rs.ย 1,20,000 and D is to bring in cash equivalent to 1/4 th of this amount as his capital. The capitals of other partners are also to be adjusted in the ratio of their respective shares in profits. The capitals of A, B and C after all adjustments are Rs.ย 40,000, Rs.ย 35,000 and Rs.ย 30,000 respectively.The capitals of other partners are also to be adjusted in the ratio of their respective shares in profits. A will bring in cash as capital after adjustment amount:
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