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P and Q share profits in …

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P and Q share profits in 3:2 . On 1 april 2016 they admit R and S with with 1/4 & 1/5 share respectively . The profits of the firm for the year ended 31-3-2017 amounted to 200,000 . Prepare necessary journal entry for the distribution of profits .

    • Posted by Taranvir Sahil 5 years, 7 months ago

    CBSE > Class 12 > Accountancy
    • 0 answers
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    CBSE > Class 12 > Accountancy
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    CBSE > Class 12 > Accountancy
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