CA CPT Model Test Paper 13 with solutions for online practice

A, B and C entered into partnership on Is* April, 2009 to share profits and losses in the ratio of 4:3:3.A, however, personally guaranteed that C's share of profit after charging interest on capital @ 5% PA.would not be less than Rs. 40,000 in any year. Capitals were as follows.
A Rs. 300,000, B Rs. 200,000, C Rs. 150,000
Profit for the year ended on 31st March 2010 amounted to Rs. 160,000. Sacrifice made by A for C will be: