Question

pushpak, pankaj and ravi are partners in sharing profit in the ratio of 2:2:1 Ravi retires from the firm. The profit on revaluation is 40000 . Amount of assets and liab are not to be changed. Pass journal entries of profit on revaluation

Answer 1

HEYA MATE YOUR ANSWER IS

The profit on revaluation is 40000 . Amount of assets and liab are not to be changed. Pass journal entries of profit on

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