X and Y are partners sharing profits in the ratio of 2:1, they admit Z into the partnership for 1/4th share in profits for which brings in Rs. 20000 as his share of capital. Hence the adjusted capital of X and Y will be
A. 32000 and 16000 respectively
B. 40000 and 20000 Rs. Respectively
C. 60000 and 30000 Rs. Respectively
D. None of the options
Answer:B
X and Y are partners sharing profits in the ratio of 2:1, they admit Z into the partnership for 1/4th share in profits for which brings in Rs. 20000 as his share of capital. Hence the adjusted capital of X and Y will be
A. 32000 and 16000 respectively B. 40000 and 20000 Rs. Respectively C. 60000 and 30000 Rs. Respectively D. None of the options