Practicing Success
A & B are partners sharing profits in ratio of 2:3. Partnership firm occurs a loss of ₹50,000 this year. In which ratio this loss will be shared among the partners? |
Equally In the same ratio Loss will be not shared Either option 1 or 2 |
In the same ratio |
The correct answer is option 2- In the same ratio. Profit sharing ratio is given means profit or loss will be shared in this ratio. Sharing of loss is implied. So, loss of 50,000 is shared between partners in the ratio 2:3. |