Question

Q-6 X,Y and Z are partners showing profit and losses in an agreed ratio. With effect from 1st
April, 2017, they agreed to share profits equally .On that date, their balance sheet showed:
(1) Profit and Loss Account (Dr.) 35,000.
(2) Advertisement Suspense A/c 15000.
(3) General Reserve
R80000
Record the necessary journal entries when they don't want to transfer General Reserve, profit and
loss Account and Advertisement Suspense A/C.​

Answer 1

Answer:

oooooooooooooooooooooookkkkkkkkkkkkkkkkkkkkkkkkk

Explanation: