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At the time of dissolution, a firm incurred a loss of ₹45,000. If this loss is to be shared between two partners in the ratio 4:5, what will be the second partner’s share of the loss?

Answer and explanation

Correct answer: ₹25,000

The total number of ratio parts is 4 + 5 = 9. The second partner’s share is 5 parts, so the loss borne by the second partner is ₹45,000 × 5/9 = ₹25,000. Therefore, option C is correct. Exam tip: To find a partner’s share, multiply the total amount by that partner’s ratio part and divide by the sum of all ratio parts.

Related tags

Partnership DissolutionLoss SharingProfit And Loss RatioAccountancy Class 12Closing The BusinessDissolution Of A Partnership FirmAccountancyClass 12 Mcq

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