Question

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​

Answer 1

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