Question

Sangeeta and Ankita are partners in a firm. Sangeeta’s capital is ₹70,000 and Ankita’s Capital is ₹50.000. Firm’s profit is ₹60,000. Ankita share in profit will be : * 1 point

Answer 1

Answer:

Ankita's Share = 30000

Explanation:

No profit sharing ratio is given .. so .. profit sharing ratio is 1 : 1 . profit will distributed equally.

Hence,

Ankita's Share = 60000 × 1/2

= 30000

When profit sharing ratio is not given then we will assume that profit sharing ratio is 1 : 1 .

Answer 2

Answer:

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