solution?

Dear Student,
 
Journal
Date Particulars L.F. Debit
Amount
(Rs)
Credit
Amount
(Rs)
           
  P’s Capital A/c Dr.   4,000  
         To Q’s Capital A/c       4,000
  (Effect of change in ratio)        
           
         


Note:
CALCULATION OF SACRIFICE OR GAIN:P=25-510=110GAINQ=25-310=110SACRIFICER=15-210=0Total amount to be adjusted=-P&L+GR-Revenue expenditure                                                   = -20,000+70,000-10,000= Rs. 40,000P & Q's share=40,000×110= Rs. 4,000

Regards

  • 0
plz tell what is to be solve in this Question.
  • 2
question?
 
  • -1
You have to give a single journal entry so as to record the effect of change in the profit sharing ratio between partners.

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