There are three partners in a firm P, Q and R X is admitted into the firm with 1 4th share of profit with a guaranteed profit of Rs 25,000 p a The firm s total profit is Rs 80,000 What amount would be given to X as his share of profit by the firm There are three partners in a firm P, Q and R X is ...

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There are three partners in a firm P, Q and R. X is admitted into the...

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Fundamentals of Financial Accounting

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