Business Studies, asked by alanstockes, 8 months ago

how to calculate adjusted capitals of all partners​

Answers

Answered by diwakarsharma1983
4

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.

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