2. 75. \( A, B \) and \( C \) are partners sharing profits in the ratio of \( 4: 3: 2 \). It was provided that \( B \) 's share of profit will not be less than \( ₹ 1,50,000 \) per annum. The losses for the year ended \( 31 st \) March, 2021 were ₹ 85,000 , before allowing interest on Loan of ₹ \( 1,00,000 \) taken from \( A \) on 1 st June, 2020 .
You are required to show necessary account for division of loss and pass necessary journal entries.
[Ans. (i) First of all, loss of \( ₹ 90,000 \) (₹ \( 85,000+ \) Interest ₹ 5,000 ) will be debited to \( A, B \) and \( C \) in \( 4: 3: 2 \).
(ii) Thereafter, \( B \) 's deficiency of \( ₹ 1,80,000 \) will be be borne by \( A \) and \( C \) in \( 4: 2 \).