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A) X and Y are partners, sharing profits and losses in the ratio of 2:1. On 1April, 2019, they admit Z for 1/4^ * share in profits with guaranteed annual profits of50,000 p.a. The profits for the year ended 31 ^ pi March, 2020 was 1,52,000.Pass the Journal entries for deficiency borne by X and Y and prepare Profit and LossAppropriation Account.(3)? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about A) X and Y are partners, sharing profits and losses in the ratio of 2:1. On 1April, 2019, they admit Z for 1/4^ * share in profits with guaranteed annual profits of50,000 p.a. The profits for the year ended 31 ^ pi March, 2020 was 1,52,000.Pass the Journal entries for deficiency borne by X and Y and prepare Profit and LossAppropriation Account.(3)? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A) X and Y are partners, sharing profits and losses in the ratio of 2:1. On 1April, 2019, they admit Z for 1/4^ * share in profits with guaranteed annual profits of50,000 p.a. The profits for the year ended 31 ^ pi March, 2020 was 1,52,000.Pass the Journal entries for deficiency borne by X and Y and prepare Profit and LossAppropriation Account.(3)?.

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