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Amit Sumit and Namitha partner sharing …

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Amit Sumit and Namitha partner sharing profit in the ratio of 3 ratio 2 ratio 1 on 1st April 2018 the decided to share our profit and loss equally on that they there was a credit balance of 220000 in their profit and loss account and balance of Rs 60000 in general reserve record the necessary journal entry in the books on the firms the partner decided to distribute the profit and a general reserve before bringing the new profit sharing ratio into force

Posted by Tripti Sahu 1 year, 4 months ago

Chhattisgarh Board > Class 12 > Accountancy

0 answers

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