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10. P and Q were partners in a firm sharing profits in the ratio of 53. On I“ April, 2014 they admitted R as a new partner for 1/8" share in the profits with a guaranteed profit of Rs 75,000. The new profitsharing ratio between P and Q will remain the same but they agreed to bear any deficiency on accountof guarantee to R in the ratio 3:2. The profit of the firm for the year ended 31“ March, 2015 was Rs4,00,000. Prepare Profit & Loss Appropriation No of P Q and R for the year ended 31" March, 2015and also calculate the new profit Sharing ratio. |
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Answer» bjkkigholhlhExplanation:ufitogkgfiufgkgkrigikvgkigohkgufru |
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