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Three partners share profits in the ratio 1:2:3, and the reserve is ₹18,000. How much will the third partner receive?

Answer and explanation

Correct answer: ₹9,000

The governing concept is distribution of a reserve in the partners’ profit-sharing ratio. The total ratio is 1 + 2 + 3 = 6 parts, and the third partner is entitled to 3 parts. His share is (3/6) × ₹18,000 = 1/2 × ₹18,000 = ₹9,000. Therefore option A is correct; ₹6,000 and ₹3,000 correspond to smaller shares, while ₹18,000 is the whole reserve.

Related tags

ReserveProfit Sharing RatioDistributionPartner AccountsAccountancyClass 12 McqDissolution Of A Partnership Firm

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