Solution
A, B and C are partners in a firm sharing profits in the ratio of 3 : 2 : 1. They earned a profit of Rs. 30,000 during the year ended 31st March, 2019. Distribute profit among A, B and C if: (a) C’s share of profit is guaranteed to be Rs. 6,000 Minimum. (b) Minimum profit payable to C amounting to Rs. 6,000 is guaranteed by A. (c) Guaranteed minimum profit of Rs. 6,000 payables to C is guaranteed by B. (d) Any deficiency after making payment of guaranteed Rs. 6,000 will be borne by A and B in the ratio of 3 : 1.