Question

1. A, B and C are partners. A’s capital is Rs.3,00,000 and B’s capital is Rs.1,00,000. C has not invested any amount as capital but he alone manages the whole business. C wants Rs.30,000 p.a. as salary. Firm earned a profit of Rs.1,50,000. How much will be each partner’s share of profit : (A) A Rs.60,000; B Rs.60,000; C Rs.Nil (B) A Rs.90,000; B Rs.30,000; C Rs.Nil (C) A Rs.40,000; B Rs.40,000 and C Rs.40,000 (D) A Rs.50,000; B Rs.50,000 and C Rs.50,000​

Answer 1

Answer:

(D)

Explanation:

A Rs.50,000

B Rs.50,000

C Rs.50,000​