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P.Q and R are partners sharing …

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P.Q and R are partners sharing profits and losses in the ratio 4:3:1. Q retires from the firm selling his share of profit to P for Rs.3,600 and R for Rs.4,500. The profit for the year after Q's retirement was Rs.10, 500.Calculate the new profit sharing ratio and pass journal entries.

Posted by Dd D 6 years ago

CBSE > Class 12 > Accountancy

1 answers

Moto Gp 6 years ago

Nr-5:8

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