P & Q are the partners in a firm sharing profits and losses in the ratio 3:2 with capitals of Rs.1,50,000 and Rs.1,00,000 respectively. They admitted R as a partner with Rs.90,000 as capital for 1/4th share in the profits of the firm. They adjust the capitals of other partners according to R’s capital and his share in the business. How much cash will be brought in by P?

P & Q are the partners in a firm sharing profits and losses in the rat

1.	P & Q are the partners in a firm sharing profits and losses in the ratio 3:2 with capitals of Rs.1,50,000 and Rs.1,00,000 respectively. They admitted R as a partner with Rs.90,000 as capital for 1/4th share in the profits of the firm. They adjust the capitals of other partners according to R’s capital and his share in the business. How much cash will be brought in by P?
A.	Rs.8,000
B.	Rs.9,000
C.	Rs.12,000
D.	Rs.10,000
Answer» D. Rs.10,000