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A B C share profits in ratio four to four to two. B is exempted from loss. Total loss is Rs 90000 and A C will share loss in old ratio. How much will C bear?

Answer and explanation

Correct answer: Rs 30000

B is not charged with loss. A and C ratio is four to two or two to one so Cs share is Rs 30000.

Related tags

Loss ExemptionLoss DistributionC ShareProfit DistributionPartnership Accounts Basic ConceptsAccountancyClass 12 Mcq

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