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.
Answer & explanation
Correct answer: option 2
The correct answer is Option (2) → According to profit sharing ratio
Partners share losses in the same ratio as profits, the agreed profit sharing ratio. Here the ratio is 3 : 2, so the loss of ₹10,000 is borne ₹6,000 and ₹4,000.
Why the other options are incorrect
Option (1) Equally — Incorrect. Equal sharing applies only when there is no agreed ratio; here the ratio 3 : 2 is given.
Option (3) According to gaining ratio — Incorrect. The gaining ratio is used only on the retirement or death of a partner.
Option (4) According to sacrificing ratio — Incorrect. The sacrificing ratio is used only on the admission of a partner or a change in ratio.
NCERT (2026-27 edition): |