accounts pl help

CPT 1324 views 3 replies

 

accounts-pl help



question no.46 of model test papers-vol 11, test paper no3 - pl help, thanx in advance



Ram, Mohan, Sohan are partners in a firm sharing profits and losses in the ratio of 5:3:2. The firm took out separate life policy of Rs. 50000, Rs. 100000, and Rs. 150000 for Ram, Mohan and Sohan respectively.  The share of Mohan in the policy will be Rs. 90000/- as per answer given. How?? 

Replies (3)

50000+100000+150000

=300000

Share of Mohan : 300000 X 3/10  (as ratio of mohan is 3/10)

                             = 90000

yes ravikant is right

agree with RAVIKANT                         


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