A, B and C are partners sharing profits in the ratio of 5:4:1. B is given a guarantee that his sha
profits in any given year would be Rs.8000. Deficiency, if any, would be borne by A and Ceg
The Loss for the year 2019 amounted to Rs.30,000. Pass necessary journal entry to adjus
deficiency of B share of profit (if any) and show your working clearly.
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