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Accountancy · 2023 · 1 mark

CBSE 2023 · Region 3 · Set 3 · Q9

Anu, Charu and Divya are partners sharing profits and losses in the ratio of 2: 1: 2. Their capitals were ₹ 5,00,000, ₹ 3,00,000 and ₹ 2,00,000…

Anu, Charu and Divya are partners sharing profits and losses in the ratio of $\displaystyle 2$ : $\displaystyle 1$ : 2. Their capitals were ₹ $\displaystyle 5{,}00{,}000$, ₹ $\displaystyle 3{,}00{,}000$ and ₹ $\displaystyle 2{,}00{,}000$ respectively. Anu personally guaranteed that in any year, Divya's share of profit after allowing interest on capital to all partners @ $\displaystyle 5$% p.a. would not be less than ₹ $\displaystyle 75$,000. The profit for the year ending 31st March, $\displaystyle 2022$ amounted to ₹ $\displaystyle 2{,}00$,000. Divya's amount of guarantee is short by the following amount :
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