Calculate the deficiency borne by the partner Amrita if the guaranteed profit is ₹10,000 to Vivek. The divisible profit of the partnership firm is ₹30,000 and the profit-sharing ratio is equal.
Answer & explanation
Correct answer: option 3
The correct answer is option 3- Zero.
Divisible profit is ₹30,000
Partners share profit equally so Amrita & Vivek each got ₹15,000.
As the profit earned is more than the guaranteed profit then there is no deficiency which should be borne by the Amrita.