Question

X, Y and Z are partners sharing profits and losses in the ratio 3:4:1. They decided to share future profits equally from 1.04.2019. on that date profit and loss account showed a credit balance of Rs.96,000. Instead of closing Profit and loss account it was decided to pass an adjustment entry. What woul be the effect in journal entry?
class 12
pls pls pls​

Answer 1

Answer:

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