Read the following passage and answer the following question.
A, B and C are partners in a firm sharing profits and losses in ratio of 2:2:1. Their capital accounts stood at ₹30,000, ₹15,000 and ₹15,000 respectively at the starting of business on 1st April,2021. As per the oral agreement between partners, C was allowed salary of ₹250 per month and interest on capitals of all partners was allowed at the rate of 5% p.a. Net profit earned for the year is ₹18,000 which was distributed between partners equally, ignoring the interest and salary clause.
What amount of profit had been credited to B?
Answer & explanation
Correct answer: option 1
The correct answer is option 1- ₹6,000.
Profit for the year = ₹18,000
But profit is distributed equally so B's share is 18,000*1/3
= ₹6,000