Question

The firm A,B and C earned a profit of 20,000 during the year which was distributed among the partners in the ratio 2:1:1 whereas it should in the ratio 1:2:2. Give journal entry for rectification

​

Answer 1

Answer:

A's Capital A/c. Dr. 6000

B's Capital A/c. 3000

C's Capital A/c. 3000

for any doubt what's app no. 9467169711