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If total loss is Rs 48,000 and A, B and C share it in the ratio 1:2:3, what is C's share?

Answer and explanation

Correct answer: Rs 24,000

The governing concept is that partners distribute a loss in the agreed ratio, just as they distribute profit. The ratio 1:2:3 contains 1+2+3=6 total parts, and C is responsible for 3 parts. Therefore C’s share is 3/6×Rs 48,000 = Rs 24,000. A’s share is Rs 8,000 and B’s share is Rs 16,000; together with C’s Rs 24,000, the total loss is Rs 48,000. Thus option A is correct. Option B is A’s share, option C is B’s share, and option D assigns the entire loss to C, contrary to the agreed ratio. The calculation concerns the amount borne by C, not the remaining loss.

Related tags

Loss SharingProfit RatioPartnership CalculationProfit DistributionPartnership AccountsAccountancyClass 12 McqPartnership Accounts Basic Concepts

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