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12th Class Accountancy Fundamentals of Partnership Question Bank MCQs - Accounting for Partnership Firm : Fundamental

  • question_answer
    A, B and C are partners in the ratio of 5 : 3 : 2. Before B's salary of Rs.1,700 firm's profit is Rs.9,700. How much in total B will receive from the firm?

    A) Rs.1,700              

    B) Rs.4,000

    C) Rs.2,400               

    D) Rs.4,100

    Correct Answer: D

    Solution :

    [d] Rs. 4,100
    Hint: B will receive;                                                                        (Rs.)
    Salary                                                                                       = 1,700
    Share in profit \[\left[ (9,700-1,700)\times \frac{3}{10} \right]\]                    = 2,400                                                                                                                                                                                                            4,100
     


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