+3 votes
in Class 12 by kratos

A, B and C are partners sharing profits and losses in the ratio of 3 : 2 : 1. B on 30th June, 2018. For the year ended 31st March, 2019, proportionate profit of 2018 is to be taken into consideration. During the year ended 31st March, 2018, bad debts of Rs. 2,000 had to be adjusted. The profit for the year ended 31st March, 2018 was Rs. 14,000 before adjustment of bad debts. Calculate B’ share of profit till the date of his .

1 Answer

+6 votes
by kratos
 
Best answer

Profit before adjusting bad debts (2017 - 18 ) = Rs. 14,000

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