P, Q, and R are partners in 3 : 2 : 1. R is guaranteed that his share of profit will not be less than ₹70,000. Any deficiency will be borne by P and Q in the ratio of 2 : 1. Firm’s profit was ₹2,40,000. Share of P will be *
Answers
Answer:
R is guaranteed that his share of profit in any year will not be less than Rs.50000 . ... Q's share - 3,50,000*4/10 = 1,40,000. R's share ... The take C and new profit sharing ratio will be 3:2:1.
Answer:
R is guaranteed that his share of profit in any year will not be less than
Rs.50000 . ... Q's share
= 3,50,000 * 4 / 1 0
= 1,40,000.
R's share ... The take C and new profit sharing ratio will be 3 : 2 : 1 .
Explanation:
R is guaranteed that his share of profit in any year will not be less than
Rs.50000 . ... Q's share
= 3,50,000 * 4 / 1 0
= 1,40,000.
R's share ... The take C and new profit sharing ratio will be 3 : 2 : 1 .
Common Accounting Ratios
Debt-to-Equity Ratio = Liabilities (Total) / Shareholder Equity (Total)
Debt Ratio = Total Liabilities/Total Assets.
Current Ratio = Current Assets/Current Liabilities.
Quick Ratio = [Current Assets – Inventory – Prepaid Expenses] / Current Liabilities.
Accounting ratios are a range of measurements used to assess the productivity and profitability of an organisation based on its financial reporting. They are a crucial subset of financial ratios. They serve as a means of expressing the connection between various accounting data points and form the cornerstone of ratio analysis.
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