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A's annual salary is ₹24,000 and he was a partner for only half the year (6 months). How much salary will he be paid for that period?

Answer and explanation

Correct answer: Twelve thousand rupees

Salary of a partner is normally paid proportionately to the time served unless otherwise agreed. Annual salary = ₹24,000; for half year salary = ₹24,000 × 6/12 = ₹12,000. Option B is incorrect because it assumes the full year; option C would correspond to only three months' pay; option D is only possible if no salary is payable by agreement, which is not the case here. Exam tip: check the period the partner was active and apply time-proportion (months or days) as required by the partnership deed or question.

Related tags

SalaryTime ProportionNumericalPartnership AccountsProfit DistributionPartnership Accounts Basic ConceptsAccountancyClass 12 Mcq

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