20. There are two partners in a firm P and Q. R is admitted into the firm for 1/3rd share of profit with the
guaranteed profit of ? 18,000 p.a. The firm's total profit is 7 42,000. If P stood as guarantor of guaranteed
profit to R, how much profit would be given to P?
(a) *20,000
(b) 15,000
(c) * 10,000
(d) 18,000
Answers
Answered by
0
Answer:
option d 18000
Explanation:
Answered by
1
Answer:
Option (d) 18,000 will be the correct answer.
Explanation:
As per the facts, P & Q were partners. R was admitted to the firm for 1/3 rd Share of profit with a guaranteed profit of 18,000.
Since 18,000 is guaranteed amount, R is entitled to receive the same amount as a share in profit.
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