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

Tom & Jerry are partners in a firm sharing the profits and losses in the ration of 3:2.Tom’s capital Rs. 70,000 & Jerry’s capital RS. 50,000. They agreed to take Shiva as anew partner for 1/5th share in future profits. Calculate the amount of capital to bebrought in by Shiva.