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X and Y aer partners in a firm sharing p...

X and Y aer partners in a firm sharing profits in the ratio of 3 : 2. The remaining capitals of X and Y after adjustments are RS.80,000 and RS.60,000 respectively. They admit Z as a partner on his contrbution of RS.35,000 as capital for 1/5th share of profits to be acquired equllay from both X and Y. The Capital Accounts of the old partners are to be adjusted on the basis of the porportion of Z's Capital to his share in the business. Calculate the amount of actual cash to be paid off or brought in by the old partners for the purpose.

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