Aman, Shravan and Raman are partners sharing profits and losses in the ratio of 5:3:2 They decided to share - Accountancy - Reconstitution- Change in Existing Profit Sharing Ratio

Question

Aman, Shravan and Raman are partners sharing profits and losses in
the ratio of 5:3:2 They decided to share profits equally with
effect from first April 2019 they prepare revaluation account which
shows a loss of Rs 135000 Pass the necessary journal entries

Rachna Puneet Mehta · Accepted Answer

Dear student
<img alt="" src=
"https://s3mn%20mnimgs%20com/img/shared/content_ck_images/ck_5e085254c883a%20jpg">
at date column you can write 1st april 2019
Regards

Aman, Shravan and Raman are partners sharing profits and losses in the ratio of 5:3:2. They decided to share profits equally with effect from first April 2019 ..they prepare revaluation account which shows a loss of Rs. 135000. Pass the necessary journal entries..