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A,B and C are partners sharing …

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A,B and C are partners sharing profit and loss account in the ratio of 4:3:2. On 1st April 2018 they decided to share profit and loss equally. On that date books of accounts show ₹ 1,80,000 in general reserve, ₹ 60000 in workman compensation fund and credit balance of ₹ 45,000 in profit and loss account. Pass journal entries for the above trading that the above may be transferred to partners capital

Posted by Rinki Gupta 5 months ago

Chhattisgarh Board > Class 12 > Accountancy

0 answers

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A,B and C are partners sharing profit and loss account in the ratio of 4:3:2. On 1st April 2018 they decided to share profit and loss equally. On that date books of accounts show ₹ 1,80,000 in general reserve, ₹ 60000 in workman compensation fund and credit balance of ₹ 45,000 in profit and loss account. Pass journal entries for the above trading that the above may be transferred to partners capital

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Chhattisgarh Board > Class 12 > Accountancy

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