A and B are partners sharing profits and losses in proportion to their capital. Their capitals were Rs 3,00,000 and Rs 2,00,000 respectively. Net profits of their firm is Rs 10,000. The profits of A is.
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the profit of A partner out of net profit firm is Rs 6000 only
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Answer:
Explanation:
PROFIT SHARING RATIO OF A&B IS 3:2
PROFIT DURING THE YEAR IS 10,000
A WILL GET 3/5
B WILL GET 2/5
A'S SHARE =10,000×3/5
=6,000
B'S SHARE = 10,000×2/5
= 4,000
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