Question

On 1^st July, 2024, A, B and C entered into partnership sharing Profits & Losses in the ratio 5 : 3 : 2. C was guaranteed that his share of profits will not be less than ₹ 60,000 p.a. Deficiency if any will be borne by A and B equally. For the year ended March 31, 2025, firm incurred loss of ₹ 1,25,000. Deficiency will be borne by A and B will be:

विकल्प

• A ₹ 30,000 and B ₹ 30,000

• A ₹ 43,750 and B ₹ 26,250

• A ₹ 42,500 and B ₹ 42,500

• A ₹ 35,000 and B ₹ 35,000

Answer 1

A ₹ 35,000 and B ₹ 35,000

Explanation:

Partnership started on 1 July 2024 and accounts close on 31 March 2025.
That means C worked for 9 months.

`= 60,000 xx 9/12`

= 45,000

C’s share of loss:

Loss = ₹ 1,25,000

Ratio = 5 : 3 : 2

`C = 2/10 xx 1,25,000`

Loss = 25,000

Find deficiency:

= 45,000 + 25,000

= 70,000

A and B share deficiency equally:

`= (70,000)/2`

= 35,000 each.

A ₹ 35,000 and B ₹ 35,000