Question

what do you mean by adjustment in closed partnership account​

Answer 1

By opening P&L adjustment a/c

Answer 2

Explanation:

Adjustment In Closed Partnership Accounts

Sometimes after closing the accounts of a partnership firm, it is discovered that there were some errors or omissions in the accounts. For example, interest on capital or drawing may have been omitted, charged or allowed at higher or lower rate, P&L may have been distributed among the partners in wrong ratio.