Question

48. A. B and Centered into partnership on 1st April 2013 to share profits and losses in the ratio of
4.3:3. A however, personally guaranteed that C's share of profit after charging interest on
capital @ 5% p.e. would not be less than 40000 in any year. Capitals were as follows:
A 3,00,000.B 2,00.000.0 C 150.000
Profit for the year ended on 31st March 2014 amounted to 1.60.000. Sacrifice made by A for C
a) 1750
(c) 2000
(b) 1800
(0) None of the above​

Answer 1

Answer:

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