A and B were partners from 1st chapter in 2010 with Capitals of AP 60000 rupees 40000 respectively they shared profit in the ratio 3 ratio 2 the carried on business for two years in the first year ended 31st March 2011 they made a profit of 50000 word in the second year ended 31st March 2012 a loss of 20,000 was incured as the business was no number profitable did solve the form on 31st March 2012 writers on the date of 20,000 the partners for personal use 8000 for partner at realise one lakh rupees the expenses of A realiization 3000 prepare realisation account partners capital account and cash account
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A and B are partners sharing profits in the ratio of 3 : 2. C was admitted for 1/6th share of profit With minimum guaranteed amount of Rs. 10,000. At the close of the first financial year the firm earned a profit of Rs. 7,54,000. Find out the share of profit which A, B and CA and B were partners from 1st chapter in 2010 with Capitals of AP 60000 rupees 40000 respectively they shared profit in the ratio 3 ratio 2 the carried on business for two years in the first year ended 31st March 2011 they made a profit of 50000 word in the second year ended 31st March 2012 a loss of 20,000 was incured as the business was no number profitable did solve the form on 31st March 2012 writers on the date of 20,000 the partners for personal use 8000 for partner at realise one lakh rupees the expenses of A realiization 3000 prepare realisation account partners capital account and cash account