Losses are shared as per agreed profit-sharing ratio irrespective of whether a partner is active or sleeping.
Sudhir's share of loss = 53×4,00,000 = Rs. 2,40,000.
Sudhir and Vimal came into partnership with profit sharing ratio of 3 : 2. 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 4,00,000. State the amount of loss to be borne by Sudhir.
Held on 23 Aug 2022 · Verified 13 Jul 2026.
Rs. 2,00,000
Rs. 2,40,000
None, as he was not working actively
Rs. 1,60,000
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