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A B and C share profits in the ratio 5:3:2. C is guaranteed minimum profit of ₹50000 by A alone. Total profit is ₹200000. What is A's final share?

Answer and explanation

Correct answer: ₹90000

C's normal share is ₹40000 and deficiency is ₹10000. A bears this deficiency out of his normal ₹100000 share.

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PartnershipGuaranteeDeficiencyAdjustmentsPartnership Accounts Basic ConceptsAccountancyClass 12 Mcq

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