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Abhay and vaibhav are partners sharing profits in the ratio of 2:1.theydwcided to share furture profits equally.on the date of changein the profit-sharing ratio, the profit and loss account showed a credit blance of ₹24000. Record the necessary journal entry for the distribution of the blance in the profit and loss account before the change in the profit-sharing ratio if they decided not close the profit & loss account.? for Class 12 2024 is part of Class 12 preparation. The Question and answers have been prepared
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Abhay and vaibhav are partners sharing profits in the ratio of 2:1.theydwcided to share furture profits equally.on the date of changein the profit-sharing ratio, the profit and loss account showed a credit blance of ₹24000. Record the necessary journal entry for the distribution of the blance in the profit and loss account before the change in the profit-sharing ratio if they decided not close the profit & loss account.?, a detailed solution for Abhay and vaibhav are partners sharing profits in the ratio of 2:1.theydwcided to share furture profits equally.on the date of changein the profit-sharing ratio, the profit and loss account showed a credit blance of ₹24000. Record the necessary journal entry for the distribution of the blance in the profit and loss account before the change in the profit-sharing ratio if they decided not close the profit & loss account.? has been provided alongside types of Abhay and vaibhav are partners sharing profits in the ratio of 2:1.theydwcided to share furture profits equally.on the date of changein the profit-sharing ratio, the profit and loss account showed a credit blance of ₹24000. Record the necessary journal entry for the distribution of the blance in the profit and loss account before the change in the profit-sharing ratio if they decided not close the profit & loss account.? theory, EduRev gives you an
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