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A and B are partners sharing …

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A and B are partners sharing profit in the ratio 3:1 . Their balance sheet showed a balance of Rs 20000 in general reserve account and Rs 30000 in profit &loss account. They now agree to share the future profit equally. Instead of closing the general reserve account and profit &loss account it is decided to pass an adjustment entry for the same. You are required to record the necessary adjustments entry to give effect to the above arrangements

Posted by Rishika Raj 6 years, 8 months ago

CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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Posted by Tanishk Kabra 1 year, 5 months ago

CBSE > Class 12 > Accountancy

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Posted by Palak Sharma 1 year, 5 months ago

CBSE > Class 12 > Accountancy

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Posted by Srishti Arya 1 year, 2 months ago

CBSE > Class 12 > Accountancy

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