A, B, and C were in partnership sharing profits and losses in the ratio of 4 : 2 : 1. It was provided that C’s share in profit for a year would not be less than ₹ 75,000.

A, B, and C were in partnership sharing profits and losses in the ratio of 4 : 2 : 1. It was provided that C’s share in profit for a year would not be less than ₹ 75,000. Profit for the year ended 31st Mach, 2023 is ₹ 3,15,000. You are required to show the appropriation among the partners, Profit and Loss Appropriation account is not required.