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Adjustment in Partner's Capital A/c (Retirement)

Suresh Rame...

Question

Suresh & Ramesh entered into a partnership by investing Rs.14000 and Rs.18000 respectively. Suresh withdrew his money after 4 months. If the total profit at the end is Rs.12240. find the profit of each

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Solution

Profit sharing ratio $= 14000 \times 4 : 18000 \times 12 = 7 : 27$
Suresh's profit = $\frac{4}{7} \times 12240 = 2520$
Ramesh's profit = $\frac{27}{34} \times 12240 = 9720$

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