Question

ATMENT OF ACCUMULATED
1. A and B are partners in 3:2 ratio. They have 3 65,000 in Profit and Loss Account and * 75,000 in
General Reserve on Ist April, 2016. On this date they decided to change their profit sharing ratio
from 3:2 to 1:1. The partners also decided to distribute profits and reserves before bringing the
new profit sharing ratio into force.
Pass necessary journal entry.
(P.S.E.B. Sept, 2011)
with 7 84 000 and B's Capital with 56,000​

Answer 1

Answer:

here u can use profit and loss property here