question_answer

E, F and G are partners sharing profits in the ratio of 3:3:2. As per the partnership agreement, G is to get a minimum amount of Rs.80,000 as his share of profits every year and any deficiency on this account is to be personally borne by E. The net profit for the year ended 31st March 2020 amounted to Rs.3,12 ,000. Amount of deficiency to be borne by E?                                                                 [CBSE Sample Paper 2020]

A) 1,000 

B) 4,000

C) 8,000

D) 2,000