MCQOPTIONS
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| 1. |
A and B were two partners in a firm sharing profits in 3 ∶ 2. In the year 2015, the profit of the firm was Rs. 10000 which has been duly distributed among A and B. Later on they decided that C, their manager will also be treated as partner in the firm from beginning of year 2015 and will be entitled to 1/6 of the share in the firm. They decided to transfer 10% of the profits to general reserve. Redistribute the profits and find the amount of profit to be provided or taken back from B in new ratio. |
| A. | Rs. 1000 |
| B. | Rs. 4000 |
| C. | Rs. 3000 |
| D. | Rs. 2500 |
| E. | Rs. 1500 |
| Answer» B. Rs. 4000 | |