L, M and N are partners sharing profits and losses in the ratio of 1:2:3. From April 1st 2020
they decided to share profits in the ratio of 2:3:4. On that date, Profit and Loss account
disclosed a debit balance of Rs.60000. Record the necessary Journal entry for above
adjustment also calculate sacrificing ratio.
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ARE U DOING CA..?
I AM IN CLASS 12 ..
AND U
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