Question

a,b and c are partners sharing profits in ratio 3:3:2. the partnership deed provided of the following:
(1)salary rs 3000 per quarter to A and B.
(2) C was entitled to a commission @10% after charging salaries of partners.
(3) B was guarantee of profit of rs 50000 p.a .​

Answer 1

Explanation:

B was guarantee of profit of rs 50000 p.a .

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