Update

Muft Shiksha™ एक 100% Free Education Portal है 🇮🇳, जिसका उद्देश्य Class 9–12 के हर विद्यार्थी तक High-Quality Education को पूरी तरह मुफ्त पहुँचाना है। 🇮🇳 हम मानते हैं कि अच्छी शिक्षा किसी student की आर्थिक स्थिति पर निर्भर नहीं होनी चाहिए। 🇮🇳 हर विद्यार्थी को वही Quality Study Material, MCQs, Quizzes, Exam Preparation, Concept-Based Learning और Bilingual Support मिलना चाहिए, जो आमतौर पर महंगी Coaching या Premium Platforms में मिलता है। Muft Shiksha™ 🇮🇳 इसी सोच के साथ बनाया गया है

Subjects
0 reads0 ratings0 helpful

The Contingency Reserve is ₹64,000, and the related expected liability is ₹40,000. If A and B are partners sharing profits in the ratio of 3:5, how much will B receive from the remaining reserve?

Answer and explanation

Correct answer: ₹15,000

After setting aside ₹40,000 for the expected liability, the remaining reserve is ₹64,000 − ₹40,000 = ₹24,000. This amount is distributed in the old profit-sharing ratio of 3:5. B’s share is \(\frac{5}{3+5} \times ₹24,000 = ₹15,000\). ₹24,000 is the total remaining reserve, not B’s individual share. Exam tip: First deduct the liability, then apply the partner’s share ratio to the balance.

Related tags

Contingency ReserveExpected LiabilityAdmission Of PartnerProfit Sharing RatioReservesReconstitution Admission Of A PartnerAccountancyClass 12 Mcq

Was this question useful?

No ratings yetWrite a review / Rate this question

Student Reviews

No published reviews yet.

Add Muft Shiksha to your Home Screen

In Safari, tap Share, then Add to Home Screen.