Mathematics, 18.03.2021 02:50 anishivaturi123

16. Krishna Kumar and Balvinder Singh are partners, sharing profit in the ratio of 5:3 with capital of 1,00,000 and 80,000 respectively. Salman is admitted as a new partner with share in profit. Salman brings in ₹ 60,000 as capital. The profit on revaluation of assets and reassessment of liabilities is 7 8,000. It is agreed that capitals of the partners should be in the new profit-sharing ratio. Calculate the amount to be brought in or paid to in cash as a result of adjustment of capitals.

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16. Krishna Kumar and Balvinder Singh are partners, sharing profit in the ratio of 5:3 with capital...