Question

E, F and G are partners sharing profits in the ratio of 3:3:2. As per the partnership agreement, G is to get a minimum

amount of 80,000 as his share of profits every year and any deficiency on this account is to be personally borne by

E. The net profit for the year ended 31st March, 2020 amounted to 3,12 ,000. Calculate the amount of deficiency

to be borne by E?

a. 1,000 b. 4,000

c. ​

Answer 1

Answer:

D) Rs 2000

Explanation:

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