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2 / 4Q27. A, B and C are partners sharing profits in the ratio of 5:3:2. w.e.f. 1st April 2020 theydecided to change their ratio as 2:3:5. On this date following balances were appearedGoodwillRs. 10,000General reserve Rs. 1,50,000P& L a/c (cr.) Rs. 75000Advertisement suspense Rs. 100,000Pass necessary journal entries.(4) |
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