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A adjusted capital is one lakh rupees and B adjusted capital is sixty thousand rupees. Profit ratio is three to two. Taking A capital as base what is B deficiency or excess?

Answer and explanation

Correct answer: B has deficiency of about six thousand six hundred sixty seven rupees

A one lakh is three parts so one part is about thirty three thousand three hundred thirty three. B target is about sixty six thousand six hundred sixty seven so deficiency is about six thousand six hundred sixty seven.

Related tags

Capital AdjustmentBase CapitalApproximationCapital AccountsPartnership Accounts Basic ConceptsAccountancyClass 12 Mcq

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