X, Y and Z are in Partnership, sharing profits and losses in the ratio of 3 : 2 : 1
X, Y and Z are in Partnership, sharing profits and losses in the ratio of 3 : 2 : 1, respectively. Z’s share in the profit is guaranteed by X and Y to be a minimum of ₹ 8,000. The net profit for the year ended March 31, 2020 was ₹ 30,000.
[Ans.: Profit to X ₹ 13,200; Y ₹ 8,800; Z ₹ 8,000]
Anurag Pathak Changed status to publish March 25, 2024
