If adjustment amount is negative then Journal entry is?
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Sacrificing partner's capital account debit. To gaining partners capital account
ParthParth:
C's capital account dr. To b's capital account
but Gen rsv (40000) -(55000)adv suspense how
Gen reserve - adv susp gives debit /negative balance which would be a loss and sacrificing partner would be debited and gaining partner would be credited
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