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?
Answer & explanation
Correct answer: option 2
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.