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Ameer and basheer partners sharing profit …

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Ameer and basheer partners sharing profit in the ratio 3:2 from 1st jan. 2018 they admit sammer into partnership giving him 1/5th share of the profit ; with a guarantee of ₹16000 minimum. Ameer and basheer as between themselves continued to share profit as before . Profit of the firm for 2018 was ₹40000 .prepare profit and loss appropriation a/c
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