Adil, Bhavya, and Chris are partners sharing profits in the ratio of 5:4:1. Chris is given a guarantee that his share of profit in any year will not be less than ₹ 5,000. The deficiency in the profit share of Chris will be borne by Bhavya.
Ans – c) The actual share of Profit received by Chris is ₹ 5000 – ₹ 1000 = ₹ 4000 Thus Profit earned by the firm is 4000 * reciprocal of Chris share 4000 * 10/1 = ₹ 40,000