even Q. 40 (A). A, B and C are partners in a firm. Their profit sharing ratio is 3:2:1 However, C is guaranteed a minimum amount of 10,000 as share of profits year. Any deficiency arising on that account shall be met by A. The profits for the t years ending 31st March 2019 and 2020 were *30,000 and 90,000 respectively Prepare Profit and Loss Appropriation Account for the two years.
