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Net profit is two lakh forty thousand rupees. Interest on drawings is twelve thousand rupees salary is forty thousand rupees interest on capital is thirty thousand rupees and reserve is twenty two thousand rupees. A B C ratio is three to two to one. What is C share of remaining profit?

Answer and explanation

Correct answer: About twenty six thousand six hundred sixty seven rupees

Distributable profit is two lakh forty thousand plus twelve thousand minus forty thousand minus thirty thousand minus twenty two thousand which is one lakh sixty thousand. C share is one sixth about twenty six thousand six hundred sixty seven rupees.

Related tags

Profit DistributionAppropriationThree PartnersPartnership Accounts Basic ConceptsAccountancyClass 12 Mcq

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