Question

A,B and C are partners sharing Profit and Loss in 2:2:1 for some years. C demanded that they should share profit and loss equally and also demanded that change in ratio comes into effect from the last 3years. Profits were Rs.30,000, Rs.10,000 and Rs.20,000. Pass entry.
anyone please answer this question!​

Answer 1

Answer:

Sharing of profit ( Old Ratio) = 15000 : 10000 : 5000

Sharing of profit ( New Ratio) = 12000 : 12000 : 6000

Difference - A Cr. 3000 ; B Dr. 2000 ; C Dr. 1000