Vikas, Vijay, and Awdesh entered into a partnership on 1st October 2022 to share profits and losses in the ratio of 3:2:1. Vikas guaranteed that Awadesh’s share of profit would not be less than ₹ 3,00,000 p.a. Profit for the period ended 31st March 2023 was ₹ 12,00,000. Calculate the deficiency to be charged to Vikas.

Anurag Pathak Changed status to publish April 9, 2023
Add a Comment