Question

JOURNAL
Pass necessary
Solution:
Particulars
LF
De
75
pri
...Dr.
...Dr.
...Dr.
12
37
General Reserve Alc
Workmen Compensation Reserve A/C
Profit and Loss A/C
To X's Capital A/C
To Y's Capital A/C
To z's Capital A/C
(Being the transfer of Reserves and Profits to old partners
in their old profit sharing ratio)​

Answer 1

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