Question

A, B and Centered into a partnership on October 1, 2014 to share profits and losses in the ratio of 3:2:14
however, personally guaranteed that C's share of profit after charging interest on capitals at 5% p.a. would not
be less than 30,000 in any year. The capital contributions were A ₹3,00,000, B ₹2,00,000 and C ₹1,00,000. The
profit for the period ended 31st March, 2015 were 1,20,000. Show distribution of profits.
[Ans. Distributable Net Profit* 1,05,000.)​

Answer 1

Answer:

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