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A, B and C entered into …

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A, B and C entered into partnership on 1st Oct. 2004 to share profits and losses in the ratio of 3:2:1. A, however personally guaranteed that C's share of profit after charging interest on capital @5%p.a. would not be less than Rs.30000 in any year. The capital contributed as capital were A-Rs.300000, B-Rs.200000 and C-Rs.100000. The profit for the period ended on 31st March 2005 were Rs. 120000. Show the distribution of profit.

Posted by Vansh Narula 6 years, 2 months ago

CBSE > Class 12 > Accountancy

2 answers

Vansh Narula 6 years, 2 months ago

Profit C Ka 15000 Ho GA 6 months ka profit de Na hai

Satish Kamat 6 years, 2 months ago

The profit should be distributed between A,B and C were:- A-30000 B-35000 C-30000

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