Question

Adjustment of Reserves and Accumulated Profits 0 X Y and Z are partners sharing profits in the ratio of 4:5:6. X retires. Y and Z decided to share future profits equally. On that date , there was a balance of $75,000 in peneral reserve and a balance of 30,000 in the profit and loss account of the firm. Record the necessary journal entry. An General Reserve and Profit & Loss Account balance will be credited to all punners in old ratio.​

Answer 1

Answer:

c square is equal to a square plus b square

Explanation:

c square is equal to a square plus b square