Jay, Vijay and Karan were partners of an architect firm sharing profits in the ratio of 2 2 1 Their partnership deed provided the following (i) A monthly salary of Rs 15,000 each to Jay and Vijay (ii) Karan was guaranteed a profit of Rs 5,00,000 and Jay guaranteed that he will earn an annual fee o...

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Jay, Vijay and Karan were partners of an architect firm sharing profits in the ratio of...

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Principles of Accounting

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Principles of Accounting

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