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A and B are partners in  a firm. They admitted C as a new partner for 20% share in the profits.After all adjustments regarding general reserve,goodwill,gain or loss on revaluation,the balance in capital accounts of A and B were 3,85,000 and 4,15,000respectively.C brought proportionate capital so as to give him 20% share in the profits.Calculate the amount of capital be brought in by C

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share of c is 1/5 therefore remaining share of a and b is 4/5. Adjusted combined capital of a and b is 385000+415000 =8,00,000. Now, the total capital of new firm is 8,00,000 multiplied by 5/4 = 10,00,000. Proportionate capital of incoming partner is 1/5 multiplied by 10,00,000 = 2,00,000
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Kiran , vivek and ganesh were------- Ratio of 3:2:1 ----------valued at rs 300000 ----- why he was correct in doing so ? Why ?
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