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A and B share profits in (5:3). A is guaranteed (₹50000). Total profit is (₹72000) and deficiency is to be borne by both partners in profit ratio. What is A's final profit?

Answer and explanation

Correct answer: (₹50000)

A's normal share is (72000 \times \frac{5}{8}=₹45000) so deficiency is (₹5000). Because of the guarantee A gets (₹50000).

Related tags

PartnershipAdjustmentsGuaranteed ProfitPartnership Accounts Basic ConceptsAccountancyClass 12 Mcq

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