Accountancy, asked by salonikeshari57, 1 month ago


A, B and C are partners sharing profits in ratio 5:3:2. C gives guarantee to firm of Minimum Rs. 120,000 earnings but C would earn only Rs. 70,000 for the firm. Total profit earned by the firm is Rs. 3,50,000. Prepare profit and loss Appropriation Account for distribution of profit among partners.​

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Answered by rinky8devi
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