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A & B are partners sharing profits in the ratio of 3:2. C is admitted for 1/6th share of profit with a minimum guaranteed amount. At the close of the first financial year the firm earned profit of Rs.54,000. What is the divisible profit among A, B and C? Share of profit credited to A,B & C. |
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Answer» tion:A, B and C were partners sharing profits and LOSSES in the ratio of 1:2:3. Their capitalare 23000, 30000 and 17000 RESPECTIVELY. B retired. Capital has to be fully paid incash and the whole AMOUNT is brought in cash by A and C to make their capitalthereafter EQUAL. Calculate the amount brought by A. |
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