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Hari and Ravi are partners sharing …

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Hari and Ravi are partners sharing profit and losses in the ratio of 5 :3. On 31.03.2013 their Balance Sheet showed a General Reserve of Rs.80,000. On that date they decided to admit Mohan as a new partner . the new profit sharing ratio between Hari, Ravi and Mohan will be 5:3:2.Pass necessary journal entries in the books under the following circumstances: A)When they want to transfer General reserve in their Capital account B)When they do not want to transfer General Reserve in their Capital Accounts and prefer to pass a journal entry.

Posted by Shiv Sankar Shil 2 years, 6 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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