12th Class
Accountancy
Fundamentals of Partnership
Question Bank
MCQs - Accounting for Partnership Firm - Fundamentals
question_answer
X, Y and Z are partners in a firm in 5:3:2. Z is guaranteed that he will get minimum of Rs.40,000 as his share of profit every year. Deficiency if any will be borne by X only. The profit during the year was Rs.1,50,000. How much profit will X get?