question.41 and42
Q. 41. Ajay, Vijay and Sanjay are partners in a firm sharing profits and losses in 
the ratio of 5 : 4 : 3. Vijay retires. After making all adjustments relating to revaluation, 
goodwill and accumulated profits, etc. the capital account of Ajay showed a credit 
balance of Rs 2,00,000 and that of Sanjay Rs 1,00,000. It was decided to adjust the 
capitals of Ajay and Sanjay in their profit sharing ratio. You are required to calculate 
new capital of the partner's and record necessary entry for surplus/deficit. 
[Ans. Ajay will withdraw Rs 12,500 and Sanjay will bring in Rs 12,500] 
Q. 42. X, Y and Z are partners in a firm sharing profits in the ratio of 3 : 2 : l. On 
April 1st 2009, X retires from the firm, Y and Z agree that the capital of the new firm 
shall be fixed at Rs 2,10,000 in the profit sharing ratio. The Capital Accounts of Y and Z 
after all adjustments on the date of retirement showed balances of Rs 1,45,000 and 
Rs 63,000 respectively. State the amount of actual cash to be brought in or to be paid to 
the partners. 
[Ans. Y will withdraw Rs 5,000 and Z will bring in Rs 7,000] ​