Accountancy > Accounting For Partnership Firms > Fundamentals Of Partnership
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Mathur, Jain and Verma were partners in a firm sharing profits and losses in the ratio of 3:2:1. Jain was guaranteed that his share of profit will not be less than ₹80,000. The firm's profit for the year ended March, 2024 was ₹1,80,000. The amount of deficiency borne by Verma was:
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