Question

6
1
che
Ankit. Unnati and Aryan are partners sharing profits in the ratio of 5:32. They decided to share
future profits in the ratio of 1:3:5 with effect from 1 April 2018. They had the following balance
in their balance sheet, passing necessary Journal Entry:
Particulars
Amount)
Profit and loss Account (Dr)
60,500​

Answer 1

Answer:

Ankit's capital A/c Dr 30250

Unnati's capital A/c Dr 18150

Aryan's capital A/c Dr 12100

To P&L A/c 60500

Explanation:

60500 is divided into old ratio 5:3:2