Q.73. Ram, Mohan and Sohan were partners. They admit Rakesh as a partner and
guaranteed that his share of profit shall not be less than 70,000. Profits are to be
shared in the ratio of 4: 3:2 : 1 but excess claimed by Rakesh over his normal share
has been guaranteed by Ram and Mohan in the ratio of 2 : 1. If total profits were
24,00,000, prepare a statement showing distribution.
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