5: Riya, Dilip and Kirtan are partners of a partnership firm. The share of Kirtan is th ofshare of Dilip and share of Riya is double of share of Kirtan. Determine the amount of profitof each partner, if the profit of the firm at the end of the year was1,92,000.

To solve this problem, we need to find the profit share of each partner based on the given…

Answered: 5: Riya, Dilip and Kirtan are partners…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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5: Riya, Dilip and Kirtan are partners of a partnership firm. The share of Kirtan is th of share of Dilip and share of Riya is double of share of Kirtan. Determine the amount of profit of each partner, if the profit of the firm at the end of the year was 1,92,000.