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Net profit is three lakh rupees. Interest on drawings is fifteen thousand rupees. Total partner salary is fifty thousand rupees interest on capital is twenty five thousand rupees and reserve is forty thousand rupees. A B C ratio is four to three to three. What is C share of remaining profit?

Answer and explanation

Correct answer: Sixty thousand rupees

Distributable profit is three lakh plus fifteen thousand minus fifty thousand minus twenty five thousand minus forty thousand which equals two lakh. C share is three tenths or sixty thousand rupees.

Related tags

Profit DistributionAppropriationThree PartnersPartnership Accounts Basic ConceptsAccountancyClass 12 Mcq

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