Multiple Choice Questions on A B and C are partners in a firm without any agreement They have contributed 750 000 730 000 and 720........... for Commerce 12th Preparation

Back to Main Page

Multiple Choice Questions

A B and C are partners in a firm without any agreement They have contributed 750 000 730 000 and 720...........

    Download Solution PDF

    A , B and C are partners in a firm without any agreement. They have contributed 750,000, 730,000 and 720,000 by way of capital in the firm. A was unable to work for six months in a year due to illness. At the end of year, firm earned a profit of 715,000. A’s share in the profit will be :

    77.500

    Incorrect Answer

    73,750

    Incorrect Answer

    75,000

    Incorrect Answer

    none of the above

    Correct Answer
    छोटे Courses बड़े Results
    Master
    Prepare through Micro-courses
    Try Now
    Explanation:

    - A, B, and C are partners without a specific agreement.

    - In absence of an agreement, profits are shared equally, irrespective of the capital contributed or the time spent working.

    - Therefore, each partner (A, B, and C) will receive an equal share of the profit: 7,15,000/3 = 238,333.33 or 238,333

    By: santosh
    ProfileResources

    Let's Discuss

    Master
    With abhipedia
    Micro Courses
    Try Now
    What our students have to say
    Review on us
    Download Abhipedia Android App

    Access to prime resources

    Downlod from playstore
    download android app download android app for free