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A and B are partners in a firm sharing profits in the ratio of 3:2 .They decided to share profits and losses equally. On the date of change in the profit sharing ratio,Profit and Loss Account showed a debit balance of rupees 40,000 and a General Reserve of rupees 10,000 . Record the necessary Journal entry for the distribution of the balance in the ratio and Loss Account and General Reserve before the change in the profit sharing ratio? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about A and B are partners in a firm sharing profits in the ratio of 3:2 .They decided to share profits and losses equally. On the date of change in the profit sharing ratio,Profit and Loss Account showed a debit balance of rupees 40,000 and a General Reserve of rupees 10,000 . Record the necessary Journal entry for the distribution of the balance in the ratio and Loss Account and General Reserve before the change in the profit sharing ratio? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A and B are partners in a firm sharing profits in the ratio of 3:2 .They decided to share profits and losses equally. On the date of change in the profit sharing ratio,Profit and Loss Account showed a debit balance of rupees 40,000 and a General Reserve of rupees 10,000 . Record the necessary Journal entry for the distribution of the balance in the ratio and Loss Account and General Reserve before the change in the profit sharing ratio?.

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Here you can find the meaning of A and B are partners in a firm sharing profits in the ratio of 3:2 .They decided to share profits and losses equally. On the date of change in the profit sharing ratio,Profit and Loss Account showed a debit balance of rupees 40,000 and a General Reserve of rupees 10,000 . Record the necessary Journal entry for the distribution of the balance in the ratio and Loss Account and General Reserve before the change in the profit sharing ratio? defined & explained in the simplest way possible. Besides giving the explanation of A and B are partners in a firm sharing profits in the ratio of 3:2 .They decided to share profits and losses equally. On the date of change in the profit sharing ratio,Profit and Loss Account showed a debit balance of rupees 40,000 and a General Reserve of rupees 10,000 . Record the necessary Journal entry for the distribution of the balance in the ratio and Loss Account and General Reserve before the change in the profit sharing ratio?, a detailed solution for A and B are partners in a firm sharing profits in the ratio of 3:2 .They decided to share profits and losses equally. On the date of change in the profit sharing ratio,Profit and Loss Account showed a debit balance of rupees 40,000 and a General Reserve of rupees 10,000 . Record the necessary Journal entry for the distribution of the balance in the ratio and Loss Account and General Reserve before the change in the profit sharing ratio? has been provided alongside types of A and B are partners in a firm sharing profits in the ratio of 3:2 .They decided to share profits and losses equally. On the date of change in the profit sharing ratio,Profit and Loss Account showed a debit balance of rupees 40,000 and a General Reserve of rupees 10,000 . Record the necessary Journal entry for the distribution of the balance in the ratio and Loss Account and General Reserve before the change in the profit sharing ratio? theory, EduRev gives you an ample number of questions to practice A and B are partners in a firm sharing profits in the ratio of 3:2 .They decided to share profits and losses equally. On the date of change in the profit sharing ratio,Profit and Loss Account showed a debit balance of rupees 40,000 and a General Reserve of rupees 10,000 . Record the necessary Journal entry for the distribution of the balance in the ratio and Loss Account and General Reserve before the change in the profit sharing ratio? tests, examples and also practice Commerce tests.