Accountancy, asked by kunaldhawne17, 1 month ago

what do mean by adjustment of closed account of partnership?

Answers

Answered by kirandeepkaur46164

1

Answer:

here is ur answer

Explanation:

Adjustments in closed Accounts. ... Sometimes in partnership firms the books of accounts get closed but some mistakes or omissions take place. Thus, to rectify those errors and omissions adjustment entries are passed. The errors or mistakes are on account of the following- 1. Divisible Profit wrongly distributed.

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