the balance in the Profit and Loss Account immediately before the change in the pro
11. A and B are partners in a firm sharing profits in the ratio of 4 : 1. They decided to share future profits
the ratio of 3 : 2 wef. 1st April
, 2020. On that day, Profit and Loss Account showed a debit balance
1,00,000. Pass Journal entry to give effect to the above.
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