Question

I os. Deiliency born by Sachin, +6,000 and Rahul 4,000)
2. Roja and Usha were partners in a firm sharing profits and losses in the ratio
of 3:2. They admit Sahana for 1/6th share in profits and guaranteed that his
share of profits will not be less then 25,000. Total profits of the firm were
790,000. Calculate share of profits for each partner when the Guarantee is
given by Roja. Prepare Profit and Loss Appropriation Account.​

Answer 1

Explanation:

4,000)

2. Roja and Usha were partners in a firm sharing profits and losses in the ratio

of 3:2. They admit Sahana for 1/6th share in profits and guaranteed that his

share of profits will not be less then 25,000. Total profits of the firm were

790,000. Calculate share of profits for each partner when the Guarantee is

given by Roja. Prepare Profit and Loss Appropriation Account