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

  • question_answer
    X, Y and Z are partners in a firm in 5:3:2. Z is guaranteed that he will get minimum of Rs.40,000 as his share of profit every year. Deficiency if any will be borne by X only. The profit during the year was Rs.1,50,000. How much profit will X get?

    A) 75,000 

    B) 65,000

    C) 40,000

    D) 80,000

    Correct Answer: B

    Solution :

    65,000


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