Accountancy > Accounting For Partnership Firms > Fundamentals Of Partnership
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Reeta, Sonu and Ashi were partners in a firm sharing profits and losses in the ratio of 3:2:1. Ashi was guaranteed a minimum profit of ₹ 80,000. Reeta was guaranteed a minimum profit of ₹ 1,50,000. The net profit of the firm for the year ended 31st March, 2024 was ₹ 6,00,000. Any deficiency on account of guarantee was to be borne by Sonu. Ashi's share of profit will be:
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