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Question
X, Y and Z are partners in the ratio of 4 : 3 : 2. Salary to X ₹ 15,000 and to Z ₹ 3,000 omitted, and profits were distributed. For rectification, now X will be credited ______.
Options
₹ 15,000
₹ 1,000
₹ 12,000
₹ 7,000
MCQ
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Solution
X, Y and Z are partners in the ratio of 4 : 3 : 2. Salary to X ₹ 15,000 and to Z ₹ 3,000 omitted, and profits were distributed. For rectification, now X will be credited ₹ 7,000.
Explanation:
| Particulars | X (₹) | Y (₹) | Z (₹) | Total (₹) |
| Salary to be credited | 15,000 | - | 3,000 | 18,000 |
| Amount (Profit) 18,000 already credited in the ratio 4 : 3 : 2 | 8,000 | 6,000 | 4,000 | 18,000 |
| (Dr.) 7,000 | (Cr.) 6,000 | (Cr.) 1,000 | - |
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