CA CPT 2016 June Question Paper Fundamentals of Accounting for online practice

A & B are partners in a firm sharing profits and losses in the ratio of 5 : 3 with capitals ofRs.2,50,000 and Rs.2,00,000 respectively. C is admitted as a new partner who bringsRs.50,000 as capital and Rs.16,000 as goodwill for his 1/5th share. The closing capitals of allthe partners will be