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A,B and C are partners in a firm. They agree to distribute profit up to 20,000 as 50% ,30%,and20% respectively and above it in equal proportions. If the divisible profit of the firm of that year 2015 was (1) 5,400 and (2) 25,400. Distribute the profi
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A,B and C are partners in a firm. They agree to distribute profit up t...
Distribution of Profits in a Partnership Firm
Introduction
In a partnership firm, profits are distributed among the partners based on their agreed-upon profit-sharing ratio. However, if the profits exceed a certain amount, then the partners may agree to distribute them differently. In this scenario, we will discuss the distribution of profits in a partnership firm where the divisible profit is either 5,400 or 25,400.
Scenario 1: Divisible Profit is 5,400
Profit-Sharing Ratio
- A: 50%
- B: 30%
- C: 20%
Calculation of Profits
- A's share of profit: 50% of 5,400 = 2,700
- B's share of profit: 30% of 5,400 = 1,620
- C's share of profit: 20% of 5,400 = 1,080
- Total distributed profit: 2,700 + 1,620 + 1,080 = 5,400
Scenario 2: Divisible Profit is 25,400
Distribution of Profits up to 20,000
- A's share of profit: 50% of 20,000 = 10,000
- B's share of profit: 30% of 20,000 = 6,000
- C's share of profit: 20% of 20,000 = 4,000
- Total distributed profit: 10,000 + 6,000 + 4,000 = 20,000
Distribution of Profits above 20,000
- A, B, and C have agreed to distribute the remaining 5,400 equally.
- Each partner's share of the remaining profit: 5,400/3 = 1,800
Final Calculation of Profits
- A's total share of profit: 10,000 + 1,800 = 11,800
- B's total share of profit: 6,000 + 1,800 = 7,800
- C's total share of profit: 4,000 + 1,800 = 5,800
- Total distributed profit: 11,800 + 7,800 + 5,800 = 25,400
Conclusion
In a partnership firm, profits are distributed among the partners based on their agreed-upon profit-sharing ratio. However, if the profits exceed a certain amount, then the partners may agree to distribute them differently. In this scenario, we saw how profits were distributed in a partnership firm where the divisible profit was either 5,400 or 25,400.
Community Answer
A,B and C are partners in a firm. They agree to distribute profit up t...
A 2,700;B1,620;C1,080.(2)A11,800;B7,800;C5,800,
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A,B and C are partners in a firm. They agree to distribute profit up to 20,000 as 50% ,30%,and20% respectively and above it in equal proportions. If the divisible profit of the firm of that year 2015 was (1) 5,400 and (2) 25,400. Distribute the profi
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A,B and C are partners in a firm. They agree to distribute profit up to 20,000 as 50% ,30%,and20% respectively and above it in equal proportions. If the divisible profit of the firm of that year 2015 was (1) 5,400 and (2) 25,400. Distribute the profi for Class 12 2024 is part of Class 12 preparation. The Question and answers have been prepared according to the Class 12 exam syllabus. Information about A,B and C are partners in a firm. They agree to distribute profit up to 20,000 as 50% ,30%,and20% respectively and above it in equal proportions. If the divisible profit of the firm of that year 2015 was (1) 5,400 and (2) 25,400. Distribute the profi covers all topics & solutions for Class 12 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A,B and C are partners in a firm. They agree to distribute profit up to 20,000 as 50% ,30%,and20% respectively and above it in equal proportions. If the divisible profit of the firm of that year 2015 was (1) 5,400 and (2) 25,400. Distribute the profi.
A,B and C are partners in a firm. They agree to distribute profit up to 20,000 as 50% ,30%,and20% respectively and above it in equal proportions. If the divisible profit of the firm of that year 2015 was (1) 5,400 and (2) 25,400. Distribute the profi for Class 12 2024 is part of Class 12 preparation. The Question and answers have been prepared according to the Class 12 exam syllabus. Information about A,B and C are partners in a firm. They agree to distribute profit up to 20,000 as 50% ,30%,and20% respectively and above it in equal proportions. If the divisible profit of the firm of that year 2015 was (1) 5,400 and (2) 25,400. Distribute the profi covers all topics & solutions for Class 12 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A,B and C are partners in a firm. They agree to distribute profit up to 20,000 as 50% ,30%,and20% respectively and above it in equal proportions. If the divisible profit of the firm of that year 2015 was (1) 5,400 and (2) 25,400. Distribute the profi.
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