question_answer

P, Q and R were partners in a firm sharing profits and losses equally. S was admitted as a new partner for 1/4th share in the profits. The total capital of the new firm as agreed between P, Q, R and S was Rs.  2,00,000 and S brought in cash equivalent to 1/4th of this amount as his capital. The capitals of P, Q and R were also to be adjusted in their profit sharing ratio by bringing in or paying off cash as the case may be. The capitals of P, Q and R after doing adjustments related to revaluation of assets and reassessment of liabilities were Rs.40,000; Rs.50,000 and Rs.60,000 respectively. Additional Capital introduced OR withdrawal by P:

A) Introduced Rs.20,000

B) Withdrawal Rs.20,000

C) Introduced Rs.10,000

D) Withdrawal Rs.10,000