55. Neel, Nitin and Neeraj are partners having Capital of 15,00,000; * 12,00,000 and 79,00,000 respectively and sharing profit and losses equally. Neeraj is guaranteed a minimum profit of 1,50,000 per annum. The firm incurred a loss of * 4,50,000 for the year ended 31st March, 2020, You are required to show necessary accounts for division of loss and giving effect to minimum guaranteed profit to Neeraj.
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Raj Rs. 11,000 and Neeraj’s Rs. 9,000
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