Business Studies, asked by alanstockes, 7 months ago

how to calculate adjusted capitals of all partners

Answers

Answered by diwakarsharma1983

Explanation:

It is agreed that partners' capitals should be according to the new profit sharing ratio. Determine the new capitals of P and Q and record the necessary journal entries assuming that the partner whose capital falls short, brings in the amount of deficiency and the partner who has an excess, withdraws the excess amount.

Previous Question

Next Question

Similar questions

Math, 3 months ago

09, मेरे छोटे चाचा घर से मोटर साइकिल द्वारा पाँचला गये तथा 1 घंटा काम करके घर आ गए। इसमें उन्हें कुल 3 घंटा 30 मिनट समय लगा। यदि यातायात में मोटर साइकिल का वेग 40 कि०मी०/घंटा, हो तो घर से पाँचला की दूरी कितनी है।...

Chemistry, 3 months ago

(NiC1,12 is paramagnetic while [Ni(CO),] is diamagnetic though both are tetrahedral. Why?

Math, 3 months ago

Which of the following values of ( a , b , c ) can't form a quadratic equation ? ( 2/3 , 1/2 , -1/2 ) ( -1 , -1 , -1 ) ( 0 , -3 , 1 ) ( 2 , -3 , 0 )...

Physics, 7 months ago

which was the first hindi movie in India??

Biology, 7 months ago