Practicing Success
The profit on Realisation is ₹50000. X, Y, and Z are partners in a firm sharing profits 2:1:1. The capital ratio is 1:1:2. The profit on realisation transferred to X is............ |
₹30,000 ₹25,000 ₹20,000 ₹10,000 |
₹25,000 |
Profit is distributed in profit-sharing ratio not in capital ratio, So, The profit on realisation transferred to X is =2/4 * 50,000 =25,000 |