Question

11.The firm of Harry, Porter and Ali, who have been sharing profits in the ratio of 2 : 2 : 1, have existed for some years. Ali wants that he should get an equal share in the profits with Harry and Porter and he further wishes that the change in the profit-sharing ratio should come into effect retrospectively were for the three years. Harry and Porter have an agreement on this account. The profits for the last three years were: Year 2015-16 2016-17 2017-18 Profit (₹) 2,20,000 2,40,000 2,90,000 Show adjustment of profits by means of a single adjustment Journal entry.​

Answer 1

Answer:

ஊஐபஐஓநஊஔஊஙஓகஉஐபநஔஊ9yxjfxitxitctixtitxt7td