A B cand care partners in firm
profit sharing ratio
r3:2:1 on 1-4-2016 they
decide disolve firm
and profit and loss on debit balance of 720000 general reserve 900000 pass the journal entry
Answers
Answered by
3
Answer:
A's Capital A/C Dr 3,60,000
B's Capital A/C Dr 2,40,000
C's Capital A/C Dr 1,20,000
To Profit and Loss A/C 7,20,000
General Reserve A/C Dr 9,00,000
To A's Capital A/C 4,50,000
To B's Capital A/C 3,00,000
To C's Capital A/C 1,50,000
Similar questions