Question No 75 Of TS Grewal (CBSE)
A, B and C were in partnership sharing profits and losses in the ratio of 4:2:1. It was provided that C’s share in profit for a year would not be less than Rs. 75,000. Profit for the year ended 31st March is Rs. 3,15,000. You are required to show the appropriation among the partners. Profit & Loss Appropriation Account is not required.
Solution No 75 Of TS Grewal (CBSE)