Pinki, Deepti and Kaku are partners sharing profits in the ratio of 5:4:1 . Kaku is given a guarantee that his share of profits in any given year woul - Accountancy MCQ CUET Accountancy 2025 30 May Shift 1 2026 | ExamTest.live

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Pinki, Deepti and Kaku are partners sharing profits in the ratio of 5 : 4 : 1 . Kaku is given a guarantee that his share of profits in any given year would not be less than Rs. 5000 . Deficiency, if any, would be borne by Pinki and Deepti equally. Calculate the deficiency assumed by Pinki and Deepti for each case separately if profits for the year were:Case I - Rs. 40, 000 Case II - Rs. 60, 000

A $Case I - Rs 500 each by Pinki and Deepti; Case II - Rs 0 each by Pinki and Deepti$
B $Case I - Rs 0 each by Pinki and Deepti; Case II - Rs 500 each by Pinki and Deepti$
C $Case I - Rs 1000 each by Pinki and Deepti; Case II - Rs 500 each by Pinki and Deepti$
D $Case I - Rs 500 each by Pinki and Deepti; Case II - Rs 100 each by Pinki and Deepti$

Solution & Step-by-step Explanation

Let's calculate the profit share for Kaku in both scenarios:Case I: Total Profit = Rs. 40, 000 Kaku's share = 40, 000 \times \frac{1}{10} = Rs. 4, 000 Guaranteed Amount = Rs. 5, 000 Total Deficiency = 5, 000 - 4, 000 = Rs. 1, 000 Share of deficiency borne by Pinki and Deepti equally: Deficiency per partner = \frac{1 , 000}{2} = Rs. 500 each Case II: Total Profit = Rs. 60, 000 Kaku's share = 60, 000 \times \frac{1}{10} = Rs. 6, 000 Since Kaku's actual share (Rs. 6, 000) is greater than his guaranteed profit (Rs. 5, 000), there is no deficiency.Deficiency borne by Pinki and Deepti = Rs. 0 each .

Try it yourself before checking the explanation above.

Pinki, Deepti and Kaku are partners sharing profits in the ratio of 5 : 4 : 1 . Kaku is given a guarantee that his share of profits in any given year would not be less than Rs. 5000 . Deficiency, if any, would be borne by Pinki and Deepti equally. Calculate the deficiency assumed by Pinki and Deepti for each case separately if profits for the year were:Case I - Rs. 40, 000 Case II - Rs. 60, 000

Case I - Rs 500 each by Pinki and Deepti; Case II - Rs 0 each by Pinki and Deepti

Case I - Rs 0 each by Pinki and Deepti; Case II - Rs 500 each by Pinki and Deepti

Case I - Rs 1000 each by Pinki and Deepti; Case II - Rs 500 each by Pinki and Deepti

Case I - Rs 500 each by Pinki and Deepti; Case II - Rs 100 each by Pinki and Deepti

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