In the case of guarantee of profit ,the sequence of Steps to be followed are. (A) divide the profit in the given ratio. (B) prepare profit and loss…
CUET UG 2025 — Accountancy Partnership
In the case of guarantee of profit ,the sequence of Steps to be followed are.
(A) divide the profit in the given ratio.
(B) prepare profit and loss appropriation account as usual.
(C) deduct the deficiency from guaranteeing partner and add the same to guaranteed partner.
(D) find the deficiency.
Choose the correct answer from the options given below:
Held on 2 Jun 2025 · Verified 13 Jul 2026.
Options
- A
(A), (B), (C), (D)
- B
(A), (B), (D), (C)
- C
(B), (A), (D), (C)
- D
(C), (B), (D), (A)
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