A B and C are partners is a Firm. their profit sharing ratio is 3: 2: 1 howerver C is guaranteed minimum amount of rupees 10000 as said share of profit every year any deficiency on that account shall be met by A. the profit for the year ending 31st December 2013 was rupees 10000 prepare Profit and Loss appropriation account for the year ended 31st December 2013
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I think the question is wrong. Because here it is saying that 10000 is the net profit and C is entitled to get 10000 as his share.
There is something wrong
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