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Give the journaal entry to distribute …

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Give the journaal entry to distribute general reserve and profit and loss account balance appearing on the liabilities side of the balance sheet of a partnership firm.

    • Posted by P M Chaudhary. 6 years, 10 months ago

    CBSE > Class 12 > Accountancy
    • 2 answers

    Megha Pandey 6 years, 10 months ago

    General reserve a/c Dr. To old partner's capital a/c P/L a/ c Dr. To partner's capital a/c

    1Thank You

    Gangesh Sharma 6 years, 10 months ago

    General reserveA/c is Dr. To old partners a/c

    0Thank You

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