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P : Q: R. Are partners …

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P : Q: R. Are partners sharing profits in the ratio 3 : 2 :1 it was agreed that R would get minimum profit of rs 300000 Q made guarantee to the firm that he w ould earn 480000 the firm earn 1520000 for the current year which includes 320000 earned by Q prepare profit and loss appropriation a/c for distribution of profit.

Posted by Geetika Sharma 6 years, 11 months ago

CBSE > Class 12 > Accountancy

2 answers

Saurabh Anand 6 years, 11 months ago

Right answer to bta do

Saurabh Anand 6 years, 11 months ago

P share of profit 420000 Q share of profit 480000 R share of profit 300000

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