1.

2. There are two partners in a firm Pand Q. R is admitted into the firm for1/3 rd share of profit with theguaranteed profit of Rs 18,000 p.a.The firm's total profit is Rs 42,000. IfP stood as guarantor of guaranteedprofit to R, how much profit would begiven to P?​

Answer»

ANSWER:

share of R in PROFIT = 42,000×1/3 = 14,000

share of P = 42,000-14,000×1/2 = 14,000

share of Q = 42,000-14,000×1/2 = 14,000

guaranteed to R = 18,000

actual share RECEIVED = (14,000)

deficeincy = 18,000-14,000 = 4000

share of P = 14,000-4000 = 10,000

share of Q = 14,000

share of R = 18,000



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