Question

Anand and vikas were partners in a firm sharing profit and losses in the ratio of 2:1

.with the effect from 1st April,2019 they agreed to share the profit equally. On that

date the balance sheet of the showed Rs 75000 as workmen compensation reserve

agaisnt which were was no liability. Vikash expressed his opinion that it should be

credited to the capital accounts equally. However ,Anand was of the opinion that it

should be credited to the capital accounts in the ratio of 2:1 Anand was able to

convince vikash.Explain what argument must have been put forward by Anand to

which vikash agreed?​

Answer 1

Answer:

OMG

Explanation:

I can't answer these questions

Answer 2

Answer:

since there is no liability towards worksman compensation ...hence Anand convince vikas by saying that he'll pay from his part to workers in need ...and vikas convinced