50 :- Lal, Bal and Pal are partners sharing profits in the ratio of 5:3:7. Lal retired from the firm, Bal and Pal decided to share future profits in the ratio of 2:3. The adjusted Capital Accounts of Bal and Pal showed balances of Rs 49,500 and Rs 1,05,750 respectively. The total amount to be paid to Lal is Rs 1,35,750. This amount is to be paid by Bal and Pal in a manner that their capitals become proportionate to their new profit sharing ratio. Calculate the amount to be brought or to be paid to partners.
Soluton :- Total capital of the new firm = Bal’s capital + Pal’s capital + Lal’s capital
= 49,500 + 1,05,750 + 1,35,750
= Rs 2,91,000
Bal’s capital in new firm = 2,91,000 x 2/5 = Rs 1,16,400
Pal’s capital in new firm = 2,91,000 x 3/5 = Rs 1,74,600
