P and Q were partners in a firm sharing profiy in the ratio of 5:3 . o

1.	P and Q were partners in a firm sharing profiy in the ratio of 5:3 . on 1st april,2014 they admitted R as a new partner for 1/8 share in the profits with guaranteed profit of rs 75000. the new profit sgaring ratio between p and q will remain the same but they agreed to bear any deficiency on account of guarantee to R in the ratio 3:2 . the profit of the firm for the year ended 31st March,2015 was rs 400000.prepare profit and loss appropriation account of p,q& r for the year ended 31st March,2015
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P and Q were partners in a firm sharing profiy in the ratio of 5:3 . on 1st april,2014 they admitted R as a new partner for 1/8 share in the profits with guaranteed profit of rs 75000. the new profit sgaring ratio between p and q will remain the same but they agreed to bear any deficiency on account of guarantee to R in the ratio 3:2 . the profit of the firm for the year ended 31st March,2015 was rs 400000.prepare profit and loss appropriation account of p,q& r for the year ended 31st March,2015

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I don't understand CLEARLY this QUESTION tested for the first to ADD a REVIEW of this question, but I have been in CONTACT me if

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