CBSE Class 12-commerce - Guarantee of Profits Videos
Special Aspects: Guarantee of Profit
This video explains the Concept of Guarantee of Profit and the different scenarios to understand the correct Treatment through necessary examples.
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- <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>
