Target Exam

CUET

Subject

-- Accountancy Part A

Chapter

Accounting for Partnership

Question:

X, Y & Z are partners in a firm sharing profits in ratio of 4:2:1. Z has a guaranteed profit of ₹37,500. In which ratio other partners will borne deficiency if firm suffers loss?

Options:

1:1

2:1

1:2

3:2

Correct Answer:

2:1

Explanation:

The correct answer is option 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.