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CUET

Q16. A and B are partners sharing profits in the ratio of 2:1. C is admitted for the 1/4th share of profits, who brings ₹20,000 as capital. After all adjustments related to goodwill, revaluation of assets and reassessment of liabilities etc. Capital of A and B are ₹45,000 and ₹15,000 respectively: It is agreed that partners capitals should be according to the new profit-sharing ratio. Determine the new capital of B