Practicing Success
X, Y & Z are partners in a firm sharing profits in ratio of 4:2:1. Z has a guaranteed profit of ₹37500. In which ratio other partners will borne deficiency if firm suffers loss? |
1:1 2:1 1:2 3:2 |
2:1 |
Since no specific ratio of deficiency is given, partners shall bear deficiency in their profit-sharing ratio, i.e., 4:2 means 2:1. |