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Hari and Ravi are partners in …

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Hari and Ravi are partners in a firm sharing profits in the ratio of 5:3. On March 31st ,2020 their balance sheet showed a general reserve of rupees 80,000. On 1st April ,2020 they decided to admit Mohan as a new partner. The new profit sharing ratio between Hari, Ravi and Mohan will be 5:3:2. Record the necessary journal entry in the books of the firm in the following cases 1. when they want to distribute the general reserve . 2. when they do not want to distribute general reserve.

Posted by Parminder Kaur 5 years, 4 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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