question_answer

X and Y are partners entered into the partnership on 1st February 2021 with a capital of Rs.1,80,000 and Rs.1,20,000 respectively. Interest on capital (Charge) is to be provided @ 10% p.a. and profit sharing Ratio is 3:2. Profit for the year ended 31.03.2021 is Rs.4,800. Y's Share of profit/loss will be:

A) Loss 200

B) Loss 120

C) Loss 100

D) Loss 80