Start learning →

Profit ₹1,50,000; agreed interest on capital A ₹20,000, B ₹10,000; B's salary ₹20,000; rest equal. A's total?

A₹70,000
B₹75,000
C₹50,000
D₹80,000
Answer & Solution
Correct answer: A. ₹70,000
After 30,000 interest and 20,000 salary, 1,00,000 is split equally, so A gets 20,000 plus 50,000.
Practise this question with Quill — CA Foundation →

Keep practising Partnership

Browse all Partnership questions for CA Foundation, or explore more Accounting topics.

Start a Partnership lesson →
Related questions