A and B are partner in a firm with a capital of Rs. 1,00,000 and Rs. 2,00,000. Firms profit is Rs. 60,000. A’s shares of profit will be
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Answer:
20,000
Explanation:
ACCORDING TO THEIR CAPITAL BALANCES (1,00,000 & 2,00,000) THEIR PROFIT SHARING RATIO WILL BE 1:2
FIRMS PROFIT = 60,000
A'S SHARE OF PROFIT S 60,000 x 1/3 = 20,000
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