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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.
- Pratibha and Divyanka will pay Ananya the minimum profit and will share the losses equally.
- Pratibha and Divyanka will pay Ananya the minimum profit and will share the loss in capital ratio.
- 2,00,000 to each of the partners
- 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.