A, B and C are partners sharing profits in the ratio of 5:4:1. C is guaranteed that his share in a year will not be less than ₹5,000. Profit for the year ended 31st March, 2021 is ₹40,000. Deficiency in the guaranteed profit of C is to be borne by B. Deficiency to be borne by B is:
profit share:
A:
B:
C:
Deficiency in C share:
5000-4000=1000
profit after deficiency:
A=20000-500=19500
B=16000-500=15000
C=4000+1000=5000
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