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

  • question_answer
    X, Y and Z are partners with a capital of Rs.5,00,000, Rs.2,50,000 and Rs.2,50,000 respectively. At the time of division of profit for the year there was a dispute between the partners for profit sharing ratio. X wanted that profit should be distributed in their capital ratio, but other partners do not agree on this. Profit during the year is Rs.15,000. Z's share of Profit will be:

    A) 7,500

    B) 5,000

    C) 3,750

    D) 7,000

    Correct Answer: B

    Solution :

    5,000


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