Durgesh, lokesh and ritesh are partners sharing profits in the ratio of 3:2:1 the firm has been in existence for many years. now the partners decided to to share profit in the ratio of 2:2:1. They have also decided that the change shall be carried out with retrospective affect from financial year 2017-18.the profit and loss ensuring the last few year have been:2016-17 : ₹16000; 2017-18 : ₹12000; 2018-19 : ₹14000; 2019-20 : ₹19000 profit and loss in 2020-21 : ₹15000.
(Show the adjustment of the profit for the last four years by means of a single adjustment entry
Answers
Answered by
2
Answer:
Accountancy Dk Goel 2019 Solutions for Class 11 Commerce Accountancy Chapter 9 Bank Reconciliation Statement are provided here with simple step-by-step explanations. These solutions for Bank Reconciliation Statement are extremely popular among Class 11 Commerce students for Accountancy Bank Reconciliation Statement Solutions come handy for quickly completing your homework and preparing for exams. All questions and answers from the Accountancy Dk Goel 2019 Boo
Similar questions