X and Y are partners sharing profits in the ratio of 2:1. Th... — Accountancy 2022

Question 118 Accountancy 2022 Medium MCQ +5.00 marks · -1.00 negative

X and Y are partners sharing profits in the ratio of 2:1. They admit Z into the partnership for \(\frac{1}{4}\)th share in profits for which he brings ₹20,000 as his share of capital. Hence, the adjusted capitals of X and Y will be:

A. ₹40,000 and ₹20,000 respectively B. ₹ 32,000 and ₹ 16,000 respectively C. ₹ 60,000 and ₹ 30,000 respectively D. ₹20,000 and ₹40,000 respectively

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