[CBSE] Q. 40 DK Goel Fundamentals of Partnership [2024-25]

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Solution of Question Number 40 of the Fundamentals of partnership firm DK Goel CBSE Board (2024-25)

On 1st April, 2023 X, Y and Z started a business in partnership. X contributes ₹ 90,000 at first but withdraws ₹ 30,000 at the end of six months. Y introduces ₹ 75,000 at first and increases it to ₹ 90,000 at the end of four months, but withdraws ₹ 30,000 at the end of eight months. Z brings in ₹ 75,000 at first but increases it by ₹ 60,000 at the end of seven months.

During the year ended 31st March, 2024, they make a net profit of ₹ 42,000. Show how the partners should divided this amount on the basis of effective capital employed by each partner.

[Ans. Profit sharing ratio of X, Y and Z = 3 : 3 : 4.]

Solution:-

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Anurag Pathak
Anurag Pathak

Anurag Pathak is an academic teacher. He has been teaching Accountancy and Economics for CBSE students for the last 18 years. In his guidance, thousands of students have secured good marks in their board exams and legacy is still going on. You can subscribe his Youtube channel for free lectures

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