Multiple choice

A, B and C are partners sharing profits in the ratio of 4 : 3 : 2. Their capitals on 30th June, 2014 are A - Rs. 10,000, B - Rs. 6,000 and C - Rs. 2.000. The current account balances are, A- Rs. 8,000 (Cr.), B - Rs. 3,000 (Cr.) and C - Rs. 9,000 (Dr.). Loss arising from the insolvency of C will be shared by A and B in:

  1. equal ratio

  2. the ratio of 4:3

  3. the ratio of 5 : 3

  4. the ratio of 2 :1
Reveal answer Fill a bubble to check yourself
C Correct answer

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