+1 vote
in Class 12 by kratos

Amit, Sumit and Samiksha are in partnership sharing profits in the ratio of 3:2:1. Samiksha’ share in profit has been guaranteed by Amit and Sumit to be a minimum sum of Rs.8,000. Profits for the year ended March 31, 2015 was Rs.- 36,000. Divide profit among the partners.

1 Answer

+4 votes
by kratos
 
Best answer

Profit and Loss Appropriation Account for the year ending 2015.****

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