Chaman, Burman and Aman were partners in a firm sharing profits and losses in the ratio of 3:2:1. Aman was guaranteed a minimum amount of Rs. 60,000 as his share of profit every year. 

  The net profit for the year ended 31st March, 2023 amounted to Rs. 1,20,000. 

Pass necessary journal entries in the books of the firm showing the distribution of profit amongst the partners. 

Marks-3, CBSE: 2023-24/Zone-2/Set-1/Q-17