reya,mona and nisha shared profit in the ratio of 3:2:1 the profit for thr last three year were 140000;84000and106000 respectively these profits were by mistake shared equally for all the three years.it is know decided to correct the error.
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Answer: past adjustment
Explanation:
Firsty, make past adjustment a/c to understand the concept.
( debit the accounts by 110,000 each, then divide the profit in given ratio)
Ans:
Nisha's capital a/c dr 55000
To reya's capital ac 55000
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