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A B and C share profits in the ratio 3:3:2. C is guaranteed minimum profit of ₹40000 by A and B equally. Total profit is ₹120000. What is A's final share?

Answer and explanation

Correct answer: ₹35000

C's normal share is ₹30000 and deficiency is ₹10000. A bears half deficiency ₹5000 so his share becomes ₹35000.

Related tags

PartnershipGuaranteeDeficiency SharingAdjustmentsPartnership Accounts Basic ConceptsAccountancyClass 12 Mcq

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