Sudhir and Vimal came into partnership with profit sharing ratio of . Due to paucity of time, Sudhir was unable to give time to business so Vimal acted as principle and took all financial and operational decisions.Due to break down of Covid 19, business suffered a loss of . State the amount of loss to be borne by Sudhir.
- ARs.
- BRs.
- CNone, as he was not working actively
- DRs.
Solution & Step-by-step Explanation
Unless otherwise specified in the partnership deed, profits and losses are shared by the partners in their agreed profit-sharing ratio, regardless of whether a partner actively participates in the business (sleeping/dormant partner) or not.Total Loss = Rs. .Sudhir's share = of Rs. .