Accountancy, asked by hv2437114, 5 hours ago

A, B and Care partners in a firm sharing profits in the ratio of 3 :4:1. They decided to share profits equally w.e.f. 1st April, 2019. On that date the Profit and Loss Account showed the credit balance of ₹96,000. Instead of closing the Profit and Loss Account, it was decided to record an adjustment entry reflecting the change in profit sharing ratio. In the journal entry

Answers

Answered by rahulkumarrahulsah00

0

Answer:

1st partener= 36000

2nd=48000

3rd=12000

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