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Amit Sumit and Namit are partners …

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Amit Sumit and Namit are partners sharing profit in the ratio of 3 is to 2 is to 1 on 1st April 2018 they decided to share our profit and loss equally on that date there was a credit balance of 120000 in their profit and loss account and balance of 60010 general reserve record the necessary general entry in the book of the form the partner decided to distribute the profit and the general reserve before bringing in new profit sharing ratio into force

Posted by Kashish Bais 1 year, 8 months ago

Chhattisgarh Board > Class 12 > Accountancy

0 answers

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Amit Sumit and Namit are partners sharing profit in the ratio of 3 is to 2 is to 1 on 1st April 2018 they decided to share our profit and loss equally on that date there was a credit balance of 120000 in their profit and loss account and balance of 60010 general reserve record the necessary general entry in the book of the form the partner decided to distribute the profit and the general reserve before bringing in new profit sharing ratio into force

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