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A and B were partners in …

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A and B were partners in a firm sharing profits and losses in the ratio 2:3. They admit C for 1/6 share in profits and guaranteed that his share of profits will not be less than ₹25,000. Total profits of the firm for the year ended 1st March 2015 were ₹90,000. Calculate share of profit for each partner and guarantee is given by A.

Posted by Dakshita Kulshrestha 1 year, 2 months ago

CBSE > Class 12 > Accountancy

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