Question

56. X and Y are partners. Y has given guarantee to firm that he bring profit of 10,000 (minimum). He brought business of profit worth 14,000. Total profit of firm was 110,000. Assuming equal partners, what are X's share of profit. a) 8,000 (b) * 7,000 (c) 6,000 (d) 5,000​

Answer 1

Explanation:

a) 8000 is a valid statement of the program user-friendly I am absent for today because illness and I have to go to the