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CBSE Class 12-commerce Answered

84,85,86,87,88

Asked by insiyashivgharwala | 05 Jul, 2017, 09:00: PM

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Answered by Nikhil Sehgal | 06 Jul, 2017, 09:28: AM

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CBSE 12-commerce - Accountancy

Asked by insiyashivgharwala | 05 Jul, 2017, 09:00: PM

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CBSE 12-commerce - Accountancy

<div>ANKUR AND BOBBY WERE INTO THE BUSINESS OF PROVIDING SOFTWARE SOLUTIONS IN INDIA. THEY WERE SHARING PROFITS AND LOSSES IN THE RATIO OF 3:2.THEY ADMITTED ROHIT FOR A 1/5 SHARE IN THE FIRM.ROHIT AN ALUMNI OF IIT,CHENNAI WOULD HELP THEM TO EXPAND THEIR BUSINESS TO VARIOUS SOUTH AFRICAN COUNTIES WHERE HE HAD BEEN WOKING EARLIE.OHIT IS GUAANTEED A MINIMUM POFIT OF 200000FOR THE YEAR.ANY DEFICIENCY  IS TO BE BORN BY ANKU AND BOBBY IN RATIO OF 4:1.LOSS FO THE YEA WAS 1000000.</div> <div> </div> <div>I DONT KNOW HOW TO DO THIS SUM. PLZ EXPLAIN IT POPERLY THAT HOW SHOULD I GIVE HIM PROFIT AS THERE IS LOSS.</div>

Asked by preetbaidwan139 | 30 Jun, 2017, 12:40: PM

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