Question

y Book Keeping–CBSE XII
se of Net Accumulated Loss (Negative Balance):
Sacrificing Partners' Capital/Current A/cs
To Gaining Partners' Capital/Current A/cs
e in partnership sharing profits and losses in the r
hip with effect from 1st April, 2020. New profit
3: 3:3 : 1. They also decide to record the effe
ook values, by passing an adjustment entry:
-ral Reserve
ingency Reserve
and Loss A/c (Cr.)
ertisement Suspense A/c (Dr.)
nent entry.
eserid
ated Prof​

Answer 1

Answer:

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