Question

A b and c are partners in a firm their profit sharing ratio 3:2:1 how ever C is guaranteed a minimum of 10000 as share of profit every year any deficiency arising on that amount shall be met by A the profit for the year ending 31st December 2018 were rs 30000 pepare profit and loss appropriation account for the year 2018

Answer 1

Explanation:

10000 as share of profit every year any deficiency arising on that amount shall be met by A the profit for the year ending 31st December 2018 were rs 30000 pepare profit and loss appropriation account for the year 2018