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Class 12 Accountancy Partnership Accounts - Basic Concepts AdjustmentsExpert

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A, B and C share profits in (3:2:1). C is guaranteed (₹40000). Total profit is (₹150000) and deficiency will be borne by A and B in their ratio. How much will A bear?

Answer and explanation

Correct answer: (₹9000)

C's normal share is (₹25000), so deficiency is (₹15000). A and B bear it in (3:2), so A's share is (₹9000).

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Partnership Adjustments Guarantee Deficiency Partnership Accounts Basic Concepts Accountancy Class 12 Mcq

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