Practicing Success
Practicing Success
CUET Preparation Today
| In a partnership firm, partners share profit and loss in the ratio of 3:2. If the firm incurred a loss of ₹10,000 during the year then calculate the amount of loss to be shared by partners. |
Equally According to profit sharing ratio According to gaining ratio According to sacrificing ratio |
| According to profit sharing ratio |
| The profit sharing ratio is the ratio in which profits and losses both are shared by the partners. So this loss of ₹10000 will be shared by partners in 3:2. |
