Question : A, B and C are partners in a firm. Their profit-sharing ratio is 2:2:1. C is guaranteed a minimum of Rs 1,00,000 as a share of profit every year. Any deficiency arising shall be met by B. The profits for the year ended 2021 are Rs 6,00,000 respectively. What will be the partners' profit share?

Option 1: Rs 1,50,000, Rs 1,00,000, Rs 50,000

Option 2: Rs 2,40,000, Rs 2,40,000, Rs 1,20,000

Option 3: Rs 3,00,000, Rs 2,00,000, Rs 1,00,000

Option 4: None of these

Question : A, B and C are in the Trading Business of Clothes. They have been sharing profit equally up to the year ended on March 31st, 2020. They Reconstituted the firms, and the profit-sharing ratio was changed to 3:2:1. C, being a working partner, demanded that he should be paid an annual salary of Rs 75,000. The partners did not agree to the salary demanded by C but agreed to give him a minimum Guaranteed Profit of Rs 60000. Their capital as of April 1st, 2020, was Rs 5,00,000, Rs 4,00,000 and Rs 3,00,000, respectively. Profit for the year ended March 31st, 2020 was Rs 3,00,000.
Question:
What will be the partner's profit share if the deficiency in C's profit share is to be borne by A and B in the ratio of 4:1?

Option 1: Rs 1,50,000, Rs 90,000, Rs 60,000

Option 2: Rs 1,42,000, Rs 98,000, Rs 60,000

Option 3: Rs 1,44,000, Rs 96,000, Rs 60,000

Option 4: Rs 1,20,000, Rs 1,20,000, Rs 60,000

Question : A, B and C are in the Trading Business of Clothes. They have been sharing profit equally up to the year ended on March 31st, 2020. They Reconstituted the firms, and the profit-sharing ratio was changed to 3:2:1. C, being a working partner, demanded that he should be paid an annual salary of Rs 75,000. The partners did not agree to the salary demanded by C but agreed to give him a minimum Guaranteed Profit of Rs 60000. Their capital as of April 1st, 2020, was Rs 5,00,000, Rs 4,00,000 and Rs 3,00,000, respectively. Profit for the year ended March 31st, 2020 was Rs 3,00,000.
Question:
What will be the partner's profit share if the deficiency in C's profit share is to be borne by A and B in the ratio of 4:1?

Option 1: Rs 1,50,000, Rs 90,000, Rs 60,000

Option 2: Rs 1,42,000, Rs 98,000, Rs 60,000

Option 3: Rs 1,44,000, Rs 96,000, Rs 60,000

Option 4: Rs 1,20,000, Rs 1,20,000, Rs 60,000

Question : A, B, C and D were partners sharing profits in the ratio of 5: 3: 2: 2. B died on 1st March 2018. The goodwill of the firm was valued at Rs. 6,00,000. A, C and D decided to share future profits equally.

Option 1: Debit C and D by Rs. 1,00,000 each and Credit A by Rs.50,000 and B by Rs. 1,50,000.

Option 2: Debit C and D by Rs. 50,000 each and Credit A by Rs.50,000 and B by Rs. 50,000

Option 3: Debit A and B by Rs. 1,00,000 each and Credit C by Rs.50,000 and B by Rs. 1,50,000.

Option 4: None of the above.

Question : A, B, C and D were partners sharing profits in the ratio of 5: 3: 2: 2. B died on 1st March 2018. The goodwill of the firm was valued at Rs. 6,00,000. A, C and D decided to share future profits equally.

Option 1: Debit C and D by Rs. 1,00,000 each and Credit A by Rs.50,000 and B by Rs. 1,50,000.

Option 2: Debit C and D by Rs. 50,000 each and Credit A by Rs.50,000 and B by Rs. 50,000

Option 3: Debit A and B by Rs. 1,00,000 each and Credit C by Rs.50,000 and B by Rs. 1,50,000.

Option 4: None of the above.