Calculate the deficiency borne by the partner Amrita if the guaranteed profit is ₹10000 to Vivek. The divisible profit of the partnership firm is ₹30000 and the profit-sharing ratio is equal.
Options:
₹10000
₹15000
Zero
₹20000
Correct Answer:
Zero
Explanation:
Divisible profit is ₹30000 Partners share profit equally so Amrita & Vivek each got ₹15000. As the profit earned is more than the guaranteed profit then there is no deficiency which should be borne by the Amrita.