AB are two partners in a firm C is admitted for 1/3 shares of profit with...
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AB are two partners in a firm C is admitted for 1/3 shares of profit with a minimum guaranteed profit of Rs. 30,000 given by A and B in the ratio of 2:1. During 2013-14 the firm reported net profit of Rs.63,000. Find the share of profit of B. AB are two partners in a firm C is admitted for 1/3 shares of profit with a minimum guaranteed profit of Rs. 30,000 given by A and B in the ratio of 2:1. During 2013-14 the firm reported net profit of Rs.63,000. Find the share of profit of B.
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Data Analysis and Decision Making
ISBN: 978-0538476126
4th edition
Authors: Christian Albright, Wayne Winston, Christopher Zappe
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