Question

A B C entered into partnership on 1.1.2004 share profits and losses in the ratio of 5:3:2 A personally guaranteed that the share of c's profit after charging i.o.c at 5 % per annum could not be less than 30000 in any year capital of a b c were 320000,200000,160000 respectively profits for year ending 31.12.2004 before providing for interest on partners capital was 159000 show the profit and loss appropriation account​

Answer 1

Answer:

no answer to this sorry