Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

(d) 47,500 A B and C were partners in a firm sharing profits in the ratio of 3:2:1. B was guarantee profit of 2,00,000. During

(d) 47,500 A B and C were partners in a firm sharing profits in the ratio of 3:2:1. B was guarantee profit of 2,00,000. During the year the firm earned a profit of amount of Profit or Loss transferred to the Capital Account of C. 84,000. Calculate the net (a) 87,000 (b) * 29,000 (c) 25,000 (d) 75,000 (c) 42,500

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Options Futures And Other Derivatives

Authors: John C. Hull

4th Edition

0130224448, 9780130224446

More Books

Students also viewed these Finance questions

Question

Show that if w = ((r - s, s - t, t - r) then , an, aras + + o

Answered: 1 week ago

Question

What is one-pipe convergence?

Answered: 1 week ago