A, B, and C are partners sharing profits in the ratio of 5:4:1. C is given a guarantee that his share in a year will not be less than ₹ 50,000. Profit for the year ended 31st March 2023 is ₹ 4,00,000. Deficiency in the guaranteed profit of C is to be borne by B. Deficiency to be borne by B is:

a) Deficiency of C ₹ 15,000 met be B

b) Deficiency of C ₹ 10,000 met by B

c) Deficiency of C ₹ 40,000 met be B

d) None of these

Anurag Pathak Changed status to publish April 9, 2023
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