Anil and Baldev are partners sharing profit and losses in the ratio of 3: 2. Anil's capital is ₹ 60,000 and Baldev's capital is ₹ 30,000 before adjustment of Revaluation loss of ₹ 14,000 and General Reserve of ₹ 24,000. They admitted Chandramani as a new partner and agreed to give him 1/5 share of profits. Chandramani will bring proportionate capital. Calculate the capital of Chandramani:
Anil & Baldev Capital after adjustment of the following: Revaluation Loss: (14,000) General Reserve: 24,000 Net : 10,000 This 10,000 will be distributed by the old partners in there old profit sharing ratio. A’ Share: 10,000 *3/5 = 6000 B Share: 10,000 *2/5 = 4000 Revised Capital after adjustment: A’s Capital : 60,000+6000= 66,000 B’s Capital 30,000+4,000 = 34,000 New partner C is being admitted for 1/5th of the total profits of the firm, so the remaining profit 1-1/5 i.e. 4/5th will be shared by A & B. A & B existing capital = 66000+34000 =100,000 Total proportionate capital of the firm should be 100000*5/4 =1,25,000 C will bring proportionate capital 125000*1/5 =25,000
A storm in a teacup
The team leader advised his team members to play it by ear as there was a lot of uncertainty regarding the authenticity of the rumours doing r...
Angry residents are up in arms over a proposal to site a giant mobile phone mast near their homes.
See eye to eye
Given below are the sentences with Idioms and Phrases highlighted in bold. You are required to choose the most correct meaning of the phrase from the g...
Which of the following statements correctly use the idiom ' pour oil on troubled waters' by substituting the highlighted words?
A. If you unnece...
Hear it on the grapevine
At Your Wits’ End
Which word or words explain the meaning of the following idioms;
At one’s wit’s ends
I love going after things that make me happy and leave me feeling fulfilled.