A B and C are partners in a firm sharing profits in the ratio of 3 2 1 They earned a profit of 30 00...........

A, B and C are partners in a firm sharing profits in the ratio of 3 : 2 : 1. They earned a profit of 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 6,000 Minimum.

b Minimum profit payable to C amounting to   6,000 is guaranteed by A. c Guaranteed minimum profit of 6,000 payable to C is guaranteed by B.

d Any deficiency after making payment of guaranteed 6,000 will be borne by A and B in the ratio of 3 : 1.