Question

I, You and Me are partners sharing profits as 3:2:1. You retires on 31st March 2020 at that time there was Debit Balance of Profit and Loss A/c of Rs. 30,000.

Pass Journal for distribution of Profit and Loss Account.​

Answer 1

Answer:

I capital a/c ......Dr 15000

you capital a/c...Dr 10000

me capital a/c ....Dr 5000

To p&l a/c 30000

Explanation:

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