E, F and G Are Partners Sharing Profits In The Ratio of 3:3:2. According To The Partnership Agreement - Bzziii.com

E, F and G are partners sharing profits in the ratio of 3:3:2. According to the partnership agreement, G is to get a minimum amount of ₹80,000 as his
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E, F and G are partners sharing profits in the ratio of 3:3:2. According to the partnership agreement, G is to get a minimum amount of ₹80,000 as his share of profits every year and any deficiency on this account is to be personally borne by E. The net profit for the year ended 31st March 2021 amounted to ₹3,12 ,000. Calculate the amount of deficiency to be borne by E?

(A) ₹1,000
(B) ₹4,000
(C) ₹8,000
(D) ₹2,000

(D) ₹2,000

Explanation:

E, F and G are partners sharing profits in the ratio of 3:3:2.

= 3+3+2=8

= 3,12,000\times 3/8

= Rs. 1,17,000

= 3,12,000\times 3/8

= Rs. 1,17,000

= 3,12,000\times 2/8

= Rs. 78,000

= Rs. (80,000-78,000)

= Rs. 2000

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