X, Y and Z are partners in a firm sharing profits in the ratio of 3 : 2 : 1. On 1st April, 2009, Y retires from the firm. X and Z agree that the capital of the new firm shall be fixed at ₹ 2,10,000 in the profit-sharing ratio. The Capital Accounts of X and Z after all adjustments on the date of retirement showed balance of ₹ 1,45,000 and ₹ 63,000 respectively. State the amount of actual cash to be brought in or to be paid to the partners.

X, Y and Z are partners in a firm sharing profits in the ratio of 3 :

1.	X, Y and Z are partners in a firm sharing profits in the ratio of 3 : 2 : 1. On 1st April, 2009, Y retires from the firm. X and Z agree that the capital of the new firm shall be fixed at ₹ 2,10,000 in the profit-sharing ratio. The Capital Accounts of X and Z after all adjustments on the date of retirement showed balance of ₹ 1,45,000 and ₹ 63,000 respectively. State the amount of actual cash to be brought in or to be paid to the partners.
Answer» re of GOODWILL is to be distributed between X and Z in their =3 : 1(Gaining Ratio)EXPLANATION:X : Y : Z = 3 : 2 : 1( Old ratio)Y RETIRES from the FIRM.Gaining Ratio = x : z =3 : 1Total capital of the new firm =Rs. 2,10,000Y's share of goodwill is to be distributed between X and Z in their =3 : 1(Gaining Ratio)X's = 2,10,000× = 1,57,500 rs.Z's = 2,10,000 × = 52,500 rs.

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