X, Y, and Z are partners in a firm. At the time of division of profit for the year, there was a dispute between the partners. Profit before interest on partners' capital was Rs 12,000. X wanted interest on capital @ 20% as his capital contributions were 2,00,000 as compared to that of Y & Z which was 1,50,000 and 1,00,000 respectively. What would be the ideal split of profit/ loss?

None of these

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All the partners will get interest on capital and the loss of 78000 will be shared equally

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X will get the interest of 40000 and loss of 28000 will be shared equally

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profit of 12000 will be distributed equally

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Solution

The correct option is D
profit of 12000 will be distributed equally

In the absence of partnership deed, the profits are distributed equally.

Profit of 12,000 will be distributed equally

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The correct option is D profit of 12000 will be distributed equally In the absence of partnership deed, the profits are distributed equally. Profit of 12,000 will be distributed equally

The correct option is D
profit of 12000 will be distributed equally

In the absence of partnership deed, the profits are distributed equally.

Profit of 12,000 will be distributed equally