Q. X and Y are partners sharing profits in the ratio 2 : 3. They admitted Z for 1/5th share of profits, for which he paid ₹1,20,000 against capital and 760,000 as goodwill. Find the capital balances for each partner taking Z’s capital as base capital.
✅ Correct Answer: (C)
₹1,92,000, ₹2,88,000 and ₹1,20,000