In the Profit and Loss Appropriation Account the credit side shows net profit of Rs 200000 and interest on drawings credited Rs 12000. Total debit items are Rs 72000. The remaining profit is to be divided in the ratio 3 : 4 : 5. What is the third partner's share?

Correct answer: About Rs 58,333

Compute remaining profit by adding credit incomes and subtracting debit appropriations: Remaining profit = Rs 200000 + Rs 12000 − Rs 72000 = Rs 140000. Total ratio 3+4+5 = 12; third partner’s share = 5/12 × Rs 140000 = Rs 58,333.33 ≈ Rs 58,333. Option B (Rs 70,000) is incorrect because it assumes half the profit; option D (Rs 60,000) is just a rounded/miscalculated value. Exam tip: Always include items on the credit side (incomes) and deduct all debit appropriations before dividing by the profit-sharing ratio.