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

  • question_answer
    A, B and C are partners sharing profits in the ratio of 4 : 3 : 2. A is given a guarantee that his share of profits will not be less than Rs.1,25,000 p.a. Profit at the end of the year is Rs.2,70,000. Deficiency if any, would be borne by B and C equally. B's share of profit after meeting deficiency (if any) will be:

    A) 90,000

    B) 87,500

    C) 92,500

    D) 87,000

    Correct Answer: B

    Solution :

    87,500


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