12th Class
Accountancy
Fundamentals of Partnership
Question Bank
MCQs - Accounting for Partnership Firm - Fundamentals
question_answer
A, B and C are partners sharing profits in 3 : 2 ; 1 ratio. C was guaranteed that he will get minimum of Rs.20,000 as his share of profit every year. Firm's profit was Rs.90,000. Any deficiency in C profit will be compensate by A and B in the ratio of 4:1. A's share of Profit after meeting deficiency will be: