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A and B share profits in ratio three to two. A guarantees B minimum profit Rs 50000. Total profit is Rs 110000. What is Bs deficiency?

Answer and explanation

Correct answer: Rs 6000

Bs normal share is two fifths which is Rs 44000. Guarantee is Rs 50000 so deficiency is Rs 6000.

Related tags

GuaranteeDeficiencyProfit RatioAdjustmentsPartnership Accounts Basic ConceptsAccountancyClass 12 Mcq

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