question_answer

X, Y and Z are partners sharing profits in the ratio of their capitals. On 1st April 2020 their capital balances are: X Rs.3,00,000; Y Rs.2,00,000 and Z Rs.50,000 respectively. Z was guaranteed a minimum profit of Rs.50,000. The firm incurred a loss of Rs.5,50,000 for the year ended 31st March 2021. How much deficiency is borne by X and Y?

A) X 50,000 and Y 50,000

B) X 40,000 and Y 60,000

C) X 30,000 and Y 20,000

D) X 60,000 and Y 40,000