(profit and loss account/general reserve are closed) :P and Q are partners in 2:1 ratio . They have decided to share profit in 3:2 ratio in future .They have Rs.60,000 in profit and loss account decided to distribute profits and reserves before changing their ratio..Pass adjustment.
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(profit and loss account/general reserve are closed) :P and Q are partners in 2:1 ratio . They have decided to share profit in 3:2 ratio in future .They have Rs.60,000 in profit and loss account decided to distribute profits and reserves before changing their ratio..Pass adjustment.
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