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  5. Fundamentals of Partnership

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

  • question_answer
    A and B are partners with ratio 6/15 and 9/15 with capitals of Rs.50,000 and Rs.25,000. Partnership deed provides interest on capital @10% p.a. The trading loss for the year was Rs.3,000. Loss Shared by Partners :

    A) Loss to A 4,200; B 6,300

    B) Loss to A 1,200; B 1,800

    C) Loss to A 1,800; B 2,700

    D) Loss to A 1,500; B 1,500

    Correct Answer: B

    Solution :

    Loss to A 1,200; B 1,800


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