Question

A,B and C were in partnership sharing profits in the ratio of 4:2:1 it being provided that in no year C's share be less than 18000 the profit for the year2015 amounted to 1,05,000.you are required to show the appropriation of profits between the partners.

Answer 1

there is 3000 short in profit of mr.c so Mr A, and B should have to give him 3000 in their profit sharing ratio of 4:2.