Question - 20

Aditya and Anuja share profit and loss in the ratio of 3:2 from 1st january 2017 in this date they admit Ankita into the partnership for 1/10 share of profit with guaranteed minimum of Rs. 3,000 per year Aditya and Anuja will continue to share profits as between themselves as before the profit of the firm in the year was Rs. 20,000 prepare profit and loss A/c for appptioning the profit.

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