Question

P
,
Q
and
R
are
partners
sharing
profits
in
the
ratio
of
5
:
4
:
1
respectively
.
R
is
guaranteed
that
is
3,50,000
.
Amount
of
shortfall
in
the
profits
of
R
is
to
be
met
by
P
and
Q
in
the
ratio
of
3
:
2
his share of profit in any year will be at least * 50,000. Profit for the year ended 31st March, 20
Pass necessary Journal entry regarding deficiency met by P and Q.​

Answer 1

PLEASE WRITE THE QUESTION PROPERLY