Bikram, Iqrar, and Jiten entered into a partnership on 1st October 2022 to share profits and losses in the ratio of 3:2:1. Bikram guaranteed that Jiten’s share of profit would not be less than ₹ 2,00,000 p.a. The loss for the period ended 31st March 2023 was ₹ 1,50,000. Calculate the deficiency to be charged to Bikram.

Anurag Pathak Changed status to publish April 9, 2023
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