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Accounting For Partnership Firms (MCQs)
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Accounting For Partnership Firms (MCQs)
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1. X, Y and Z are partners in a firm sharing profits and losses in the ratio of 6:4:1.X guaranteed a profit of ₹15,000 to Z. The net profit for the year ending 31 March, 2020 was `99,000. X's share in the profit of the firm will be: