Question:
₹3,60,000, ₹4,20,000 and ₹4,80,000 were invested by three friends A, B and C respectively in a business. If they earned a net profit of ₹2,10,000, the share of B's profit is :
₹3,60,000, ₹4,20,000 and ₹4,80,000 were invested by three friends A, B and C respectively in a business. If they earned a net profit of ₹2,10,000, the share of B's profit is :
Updated On: Jun 13, 2024
- ₹60,000
- ₹80,000
- ₹75,000
- ₹70,000
Hide Solution
Verified By Collegedunia
The Correct Option is D
Solution and Explanation
The correct option is (D) :₹70,000.
Was this answer helpful?
0
0
Top Questions on Shares
- Arrange the following in the correct sequence of Accounting for Share Capital:
(A) Forfeiture of shares for non-payment of call
(B) Money received on allotment
(C) Profit on reissue of forfeited shares accounts transferred to capital reserve
(D) Money received on application
Choose the correct answer from the options given below: - In the absence of any information, the retiring/deceased partner’s share of profit will be acquired by the remaining partners in:
- The Balance in the Share Forfeited Account relating to reissue of forfeited shares will be treated as:
- Debit side of partner's current Account shows:
(A) Drawings made out of Capital
(B) Interest on Drawings
(C) Share of Loss on Revaluation
(D) Additional Capital Introduced
(E) Adjustment of Goodwill already appearing in Balance Sheet
Choose the correct answer from the options given below:
- Arrange the following steps in correct order.
(A) Calls in Arrears
(B) Reissue of shares
(C) Making calls
(D) Gain on Reissue transferred to Capital Reserve
(E) Forfeiture of shares
Choose the correct answer from the options 8iven below :
View More Questions
Questions Asked in CUET exam
- A molecule X associates in a given solvent as per the following equation:
X ⇌ (X)n
For a given concentration of X, the van’t Hoff factor was found to be 0.80 and the
fraction of associated molecules was 0.3. The correct value of ‘n’ is:- CUET (UG) - 2024
- Solutions
- Who devised the concept of Intelligence Quotient (IQ)?
- CUET (UG) - 2024
- Psychological attributes
- Two pipes A and B can fill a tank in 32 minutes and 48 minutes respectively. If both the pipes are opened simultaneously, after how much time B should be turned off so that the tank is full in 20 minutes?
- CUET (UG) - 2024
- Time and Work
- If \(A = \begin{bmatrix} 3 & 2 \\ -1 & 1 \end{bmatrix} \quad \text{and} \quad B = \begin{bmatrix} -1 & 0 \\ 2 & 5 \\ 3 & 4 \end{bmatrix},\)then \((BA)^T\) is equal to:
- CUET (UG) - 2024
- Matrices
- The spin-only magnetic moment of Hexacyanomanganate(II) ion is.........BM
- CUET (UG) - 2024
- Magnetic moment
View More Questions