Question

What will be the treatment of P/L A/c (dr) when there is a change in Profit share and partners wish to continue with P/L A/c (dr)?

Answer 1

profit =sp -cp

loss=cp-sp

profit %=p/cp×100

loss % =l /cp×100

Answer 2

Answer:

they wish to continue with P/L A/c

Explanation:

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