Accountancy, asked by kunaldhawne17, 4 days ago

explain the guarantee of profi to partner and firm?​

Answers

Answered by vermanushka7487
1

Answer:

Guarantee is an assurance given to the partner of the firm that at least a fixed amount shall be given to him/her irrespective of his/her actual share in profits of the firm. ... If the actual share in profits is more than the minimum guaranteed amount then the actual profits will be allowed to the partner.

Answered by santoshgupta9495
1

Guarantee is an assurance given to the partner of the firm that at least a fixed amount shall be given to him/her irrespective of his/her actual share in profits of the firm. ... If the actual share in profits is more than the minimum guaranteed amount then the actual profits will be allowed to the partner.

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