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 the ratio of 4 : 3 : 2. A is given a guarantee that his share of profits will not be less than Rs.1,25,000 p.a. Profit at the end of the year is Rs.2,70,000. Deficiency if any, would be borne by B and C equally. B's share of profit after meeting deficiency (if any) will be: