Mohit and Rohit were partners in a firm with capitals of ₹ 80,000 and ₹ 40,000 respectively. The firm earned a profit of ₹ 30,000 during the year. Mohit’s share in the profit will be
Mohit and Rohit were partners in a firm with capitals of ₹ 80,000 and ₹ 40,000 respectively. The firm earned a profit of ₹ 30,000 during the year. Mohit’s share in the profit will be
a) ₹ 20,000
b) ₹ 10,000
c) ₹ 15,000
d) ₹ 18,000
Anurag Pathak Changed status to publish April 9, 2023
Ans – c)
Explanation:-
In the absence of any written agreement for the Profit sharing ratio among the partners. The Provisions of partnership act 1932 is applied. Thus Profit is divided equally among the partners.
Anurag Pathak Changed status to publish April 4, 2023
