Accountancy, asked by shifasvschippuz8997, 1 year ago

How to find share of profit

Answers

Answered by swastiksuman22pas1lx

eg - If profit sharing ratio between X and Y is 2:3.
It means X will get 2/5 th share and Y will get 3/5th share in the profit.
Now say profit is Rs 50000.
so share of X = 50000 × 2/5 = 20000, and
share of Y = 50000 × 3/5 = 30000

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