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If no ratio is given among three partners and the realisation profit is ₹15,000, how much will each partner receive?

Answer and explanation

Correct answer: ₹5,000

The governing concept is equal distribution when no profit-sharing ratio has been specified. With three partners, the total realisation profit of ₹15,000 is divided into three equal parts. Calculation: ₹15,000 ÷ 3 = ₹5,000 per partner. Therefore, option A is correct, and the three individual shares together total ₹15,000. Option B is the entire profit rather than one partner's share. Option C would total only ₹9,000 for all three partners, leaving ₹6,000 undistributed, while option D would produce ₹30,000 in aggregate and exceed the available profit. The calculation assumes there are no special agreement terms or additional adjustments affecting distribution.

Related tags

Equal Profit SharingRealisation ProfitNumerical PartnershipPartner AccountsDissolution Of A Partnership FirmAccountancyClass 12 Mcq

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