Home
Class 12
ACCOUNTS
X, Y and Z are partners in 5 : 4 : 1. Z ...

X, Y and Z are partners in 5 : 4 : 1. Z is guaranteed that his share of profit will not be less than Rs.80,000. Any deficiency will be borne by X and Y in 3 : 2. Firm's profit was Rs.5,60,000. How much deficiency will be borne by Y :

A

Rs.2,14,400

B

Rs.14,400

C

Rs.2,09,600

D

Rs.9,600

Text Solution

Verified by Experts

Promotional Banner

Topper's Solved these Questions

  • ACCOUNTING FOR PARTNERSHIP FIRMS - FUNDAMENTALS

    DK GOEL|Exercise Multiple Choice Questions (vii) Adjustments in the Closed Accounts (HOTS)|12 Videos
  • ACCOUNTING RATIOS

    DK GOEL|Exercise Multiple Choice Questions (Profitability Ratios)|13 Videos