Step 1: Recall T's guarantee.
T was guaranteed a minimum profit of Rs. 2,50,000. Any deficiency was to be borne by A and V in the ratio of 2:3.
Step 2: Identify the ratio.
The partnership deed itself specifies the deficiency ratio between A and V.
Final Answer: \[ \boxed{2:3} \]
The following journal entry appears in the books of X Co. Ltd.
\[\text{Bank A/c Dr. 4,75,000} \\ \text{Loss on Issue of Debentures A/c Dr. 75,000} \\ \text{To 12\% Debentures A/c 5,00,000} \\ \text{To Premium on Redemption of Debenture A/c 50,000} \]
In this case, the debentures have been issued at a discount of 5%. What is the rate of premium on redemption of debentures?