12th Class
Accountancy
Fundamentals of Partnership
Question Bank
MCQs - Accounting for Partnership Firm - Fundamentals
question_answer
A, B and C started a business in partnership on 1st October 2020. Their profit sharing ratio was decided 3 : 2 : 1. A has given guarantee to C for a minimum profit of Rs.6,000 yearly. Profit at the end of the year 31st March 2021, was Rs.12,000. A's share of profit after deficiency will be: