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A and B share profits in (3:2). A's salary (₹36000) was omitted and profit (₹100000) was already shared in (3:2). How much will be transferred from B to A in rectification?

Answer and explanation

Correct answer: (₹14400)

After salary residual profit is (₹64000). A's correct total is (36000+64000\times\frac{3}{5}=₹74400), while he earlier got (₹60000).

Related tags

PartnershipAdjustmentsOmitted SalaryPartnership Accounts Basic ConceptsAccountancyClass 12 Mcq

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