Question

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Illustration - 11
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Arun, Varun and Tarun were partners of a law firm sharing profits in the ratio of
5:3:2. Their partnership deed provided the following:
(i) Interest on partners' capital @ 5% p.a.
(ii) Arun guaranteed that he would earn a minimum annual fee of Rs.
6,00.000 for the firm.
(iii) Tarun was guaranteed a profit of Rs. 2,50,000 (excluding interest on
capital) and any deficiency on account of this was to be borne by Arun
and Varun in the ratio of 2:3.
During the year ending March 31, 2019, Arun earned a fee of Rs. 3,20,000 and
net profits earned by the firm were Rs. 8,60,000. Partner's capital on April 01,
2018 were Arun - Rs. 30,00,000; Varun - Rs. 3,00,000 and Tarun- Rs. 2,00.000​

Answer 1

Answer:

Varun and Tarun 6.5 3.7 Varun Varun answer is 3.76 then more than Tarun rs 2,000

Answer 2

Answer:

Here is answer hope it helps

Explanation: