​Anil and Baldev are partners sharing profit and losses in the ratio of 3 : 2 Anil's capital is ₹ 60,000 and Baldev's capital is ₹ 30,000 before adjustment of Revaluation loss of ₹ 14,000 and General Reserve of ₹ 24,000. They admitted Chandramani as a new partner and agreed to give him 1/5 share of profits. Chandramani will bring proportionate capital. Calculate the capital of Chandramani :

Correct option is D

The correct answer is (d) ₹25,000

Explanation:
• Anil’s capital = ₹60,000
• Baldev’s capital = ₹30,000
Total = ₹90,000 (before adjustments)

Adjustments:
→ Revaluation Loss ₹14,000 (to be shared in ratio 3:2)
 Anil = ₹8,400; Baldev = ₹5,600
→ General Reserve ₹24,000 (shared in 3:2)
 Anil = ₹14,400; Baldev = ₹9,600

Net effect:
Anil’s new capital = 60,000 – 8,400 + 14,400 = ₹66,000
Baldev’s new capital = 30,000 – 5,600 + 9,600 = ₹34,000

Total adjusted capital of old partners = ₹1,00,000
→ Chandramani’s share = 1/5 → Old partners’ share = 4/5

If ₹1,00,000 = 4/5, then total capital = ₹1,00,000 × (5/4) = ₹1,25,000
→ Chandramani’s capital = 1/5 × ₹1,25,000 = ₹25,000

Information Booster:
• Revaluation losses are debited to old partners in their old profit-sharing ratio.
• General Reserve is distributed among existing partners before new admission.
• New partner’s capital is based on proportionate capital of existing partners.
• Admission changes the profit-sharing ratio and often requires capital adjustment.
• All adjustments ensure fairness among partners before a new partner joins.