CA CPT Jun 2017 Question Paper Fundamentals of Accounting for online practice

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