A,b,c are partner in a firm …

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A,b,c are partner in a firm sharing profit in the ratio 3:2. They decided to share profit in the ratio of 3:4 w.e f., April 1,2016. On thay date there was a credit balance of₹70,000 in their P&L A/c. Pass the necessary entry assuming that partners decide to distribute the profits
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Mohin Chauhan 5 years, 3 months ago
0Thank You