Question

Prepare statement of Excess Capital & also write payment order.Capital of partners are as follows:Mr. P Rs. 5,00,000Mr. Q Rs. 4,00,000Mr. R Rs. 3,00,000Profit sharing Ratio – Equally. 


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Answer 1

Answer:

distribution of profit equally so each one of partners get 300000 . eg Mr p get 300000,mr. q get 300000, and mr r get 300000