Question

2. There are two partners in a firm P
and Q. R is admitted into the firm for
1/3 rd share of profit with the
guaranteed profit of Rs 18,000 p.a.
The firm's total profit is Rs 42,000. If
P stood as guarantor of guaranteed
profit to R, how much profit would be
given to P?​

Answer 1

Answer:

share of R in profit = 42,000×1/3 = 14,000

share of P = 42,000-14,000×1/2 = 14,000

share of Q = 42,000-14,000×1/2 = 14,000

guaranteed to R = 18,000

actual share received = (14,000)

deficeincy = 18,000-14,000 = 4000

share of P = 14,000-4000 = 10,000

share of Q = 14,000

share of R = 18,000

Answer 2

Deficiency of profit would be given to R by P & Q from their share of profits

Ans.₹2000 each

Explanation:

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