1 Guarantee of Profits questions from CUET Accountancy 2025 2 June Shift 2 with detailed answers and explanations. Free previous year questions and MCQs.
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Guarantee of Profits — CUET Accountancy 2025 2 June Shift 2(1–1 of 1)
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Q1mediummcqCUET AccountancyCUET Accountancy 2025 2 June Shift 22026
Arrange the steps for accounting for a guarantee of profit to a partner in the correct sequence:(A) Divide the profit in the given ratio.(B) Prepare profit and loss appropriation account as usual.(C) Deduct the deficiency from the guaranteeing partner's share and add it to the guaranteed partner's share.(D) Find the deficiency.Choose the correct answer from the options given below:
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