12th Class
Accountancy
Fundamentals of Partnership
Question Bank
MCQs - Accounting for Partnership Firm - Fundamentals
question_answer
X, Y and Z are partners with a capital of Rs.5,00,000, Rs.2,50,000 and Rs.2,50,000 respectively. At the time of division of profit for the year there was a dispute between the partners for profit sharing ratio. X wanted that profit should be distributed in their capital ratio, but other partners do not agree on this. Profit during the year is Rs.15,000. Z's share of Profit will be: