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Pari and neha are partners firm …

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Pari and neha are partners firm sharing profit and losses are equally on 1 st april 2017 they decide to share future profit ratio in the 2:1 .on the day of implementation of the decisions the profit and losses account debit balance 30,000 and a general reserve of 18,000.record the nrcessary journal entries for the distribution of the balance in profit and losses account and general reserve for the changing in profit sharing ratio

Posted by Khushi Yadav 3 years, 8 months ago

CBSE > Class 12 > Accountancy

2 answers

Shreyansh Jain 3 years, 8 months ago

2) pari capital a/c Dr 15000 Neha capital a/c Dr 15000 To profit/loss a/c 30000

Shreyansh Jain 3 years, 8 months ago

1)General reserve a/c Dr 18k To pari capital a/c 9k To neha capital a/c 9k

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