Question

6. Sanyam, Charvi and Yuvraj are partners in a firm. Yuvraj has been given a guarantee of minimum profit of Rs 14,000 by the firm. Firm incurred a loss of Rs 6,000 during the year. Capital accounts of Sanyam. and Charvi will be debited by.​

Answer 1

The correct answer is Rs. 10,000.

• As the question is silent about the ratios so, we will take the ratio 1:1. As yuvraj has given a guarantee of minimum profit of Rs 14,000 by the firm but the firm incurred a loss of Rs 6,000 during the year.
• So, the loss will be equally divided among Sanyam and Charvi in the ratio 1:1 i.e  Rs. 3,000 each and the minimum profit guranteed is 7,000 each.
• So, 7,000 + 3,000= 10,000