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K and L share profits in …

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K and L share profits in 2:1ratio.They admit for a guaranteed amount of rs25000. K and L decided to undertake the deficit of guaranteed amount. The PSR b/w K and L does not change. Firm earned profits of rs.76000. Show distribution of profits

    • Posted by Vijay Raj 6 years, 3 months ago

    CBSE > Class 12 > Accountancy
    • 1 answers

    Purva Bhardwaj 6 years, 3 months ago

    New partner will get 25,000/- as guaranteed and K and L will distribute 51,000/- in 2:1 i.e, 34,000/- to K and 17000/- to L

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