Question No 76 Of TS Grewal (CBSE)

Ashmit, Abbas and Karman are partners sharing profits in the ratio of 3:2:1. Abbas is guaranteed minimum profit of Rs. 1,50,000 per annum. The firm incurred loss for the year ended 31st March of Rs. 30,000. Prepare Profit and Loss Appropriation Account for the year.

Solution No 76 Of TS Grewal (CBSE)

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