Question

P aand Q share profits in 3:2. On 1st April, 2016, they admit R and S with 1/4 and 1/5 share respectively. The profit of the for tye year ended 31st March 2017 amounted to Rs.2,00,000. Prepare necessary journal entries for the distribution of profit............please give step by step explanation and don't send unnecessary answers......don't spam........Otherwise I wikk report your answer.......ok​

Answer 1

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Answer 2

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