Question 130
Accountancy
2022
Medium
MCQ
+5.00 marks · -1.00 negative
If X's share of profit was to be calculated on the basis of Average Profit of the last three years, which were ₹ 1,36,000 for 2018-19, ₹ 1,54,000 for 2019-20 and ₹1,00,000 for 2020-21. X's share of profit for the period from 1st April, 2020 to June 30, 2020 shall be calculated on the basis of Average Profit. The profit sharing ratio is 4:5:1 between X, Y and Z. His share of profit will be:
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