Question

X and Y are sharing profits and losses in the ratio of 3:2. on admission of w, they decided to share future profits and losses in the ratio of 3:2:2 .they also decide to record book values by passing a single entry.
General Reserve 6000
Profit and losses a/c (credit) 24000
Advertisement Suspense A/c 12000
Pass an Adjustment Entry.

Answer 1

Answer:

,

Explanation:

plz subscribe my YouTube channel - learn try and repeat

for more solutions of doubts