X, Y, and Z are partners in a firm. At the time of division of profit for the year, there was a dispute between the partners. Profits before interest on partner's capital was 24,000 and Z demanded minimum profit of 10,000 as his financial position was not good. However, there was no written agreement on this profit. Show how profit will be distributed amongst the partners.

X, Y, and Z are partners in a firm. At the time of division of profit

1.	X, Y, and Z are partners in a firm. At the time of division of profit for the year, there was a dispute between the partners. Profits before interest on partner's capital was 24,000 and Z demanded minimum profit of 10,000 as his financial position was not good. However, there was no written agreement on this profit. Show how profit will be distributed amongst the partners.
Answer» X, Y, and Z are partners in a firm. At the time of division of profit for the year, there was a dispute between the partners. Profits before interest on partner's capital was 24,000 and Z demanded minimum profit of 10,000 as his financial position was not good. However, there was no written agreement on this profit. Show how profit will be distributed amongst the partners.

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