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Pratibha, Divyanka and Ananya are partners in a firm. At the time of the division of profit for the year, there was a dispute between the partners. Profit before interest in partner’s capital was Rs. 6,00,000 and Ananya demanded a minimum profit of Rs. 5,00,000 as her financial position was not good. However, there was no written agreement on this point

39. Pratibha, Divyanka and Ananya are partners in a firm. At the time of the division of profit for the year, there was a dispute between the partners. Profit before interest in partner’s capital was Rs. 6,00,000 and Ananya demanded a minimum profit of Rs. 5,00,000 as her financial position was not good. However, there was no written agreement on this point.

1. Pratibha and Divyanka will pay Ananya the minimum profit and will share the losses equally.
2. Pratibha and Divyanka will pay Ananya the minimum profit and will share the loss in capital ratio.
3. 2,00,000 to each of the partners
4. Pratibha and Divyanka will take Rs. 50,000 each and Ananya will take Rs. 5,00,000

Answer: C) 2,00,000 to each of the partners

Explanation:

Since there was no written agreement to the profit-sharing there all the partners will take equal profits.