A, B and C are partners sharing profits in the ratio of 5:23. They admitted D in the firm for 1/5 share on Oct. 1st 2022. with a guarantee of profit 35,000 annually. The firm earned a profit of 1,60,000 for the year ending March 31st 2023. Calculate deficiency borne by B.
(
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Shift 26/05/2023 8:30 AM - 10:30 AM
A
3,000
B
300
C
1,500
D
600
Correct Answer
300
Detailed Explanation
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