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If partners share losses in the ratio A : B = 3 : 1 and the total loss is ₹40,000, what is B's share?

Answer and explanation

Correct answer: Ten thousand rupees

A:B = 3:1 means total parts = 3 + 1 = 4. Divide the total loss ₹40,000 by 4 to get one part = ₹10,000. B has 1 part, so B's share = ₹10,000. The common wrong choice (₹30,000) results from mistakenly giving B the 3 parts belonging to A. Options C and D do not match the ratio distribution. Exam tip: always add the ratio numbers to get total parts, then divide the total amount by that sum to find one part.

Related tags

Partnership AccountsLoss DistributionRatio ProblemsNumericalProfit DistributionPartnership Accounts Basic ConceptsAccountancyClass 12 Mcq

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