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On dissolution of a firm, a loss of ₹32,000 is shared between two partners in the ratio 5:3. What will be the second partner’s share of the loss?

Answer and explanation

Correct answer: ₹12,000

The total number of ratio parts is \(5+3=8\). The second partner bears 3 parts, so the share of loss is \(₹32,000 \times \frac{3}{8}=₹12,000\). An option such as ₹14,000 results from using an incorrect fraction instead of 3/8. Exam tip: add the ratio terms first, then multiply the total loss by the relevant partner’s fraction.

Related tags

Partnership DissolutionLoss SharingProfit Sharing RatioAccounting CalculationsClosing The BusinessDissolution Of A Partnership FirmAccountancyClass 12 Mcq

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