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Abbas is guaranteed a min profit of Rs 150000

Home » Abbas is guaranteed a min profit of Rs 150000
Posted inAccountancy Class 12 Fundamental of Partnership

Ashmit, Abbas and Karman are partners sharing profits in the ratio of 3:2:1

83 :-  Ashmit, Abbas, and Karman are partners sharing profits in the ratio of 3:2:1. Abbas is guaranteed a minimum profit of Rs 1,50,000 per annum. The firm incurred a…
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