1.

A,B and C are partners sharing profits and losses in the ratio 2:3:4. They decided to share future profits and losses in the ratio 4:3:2. They also decided to record the effect of the following without affecting their book vakue General reserve 40000Profit and loss 20000Advertisement Suspense 15000 ​

Answer»

A,B and C are partners sharing profits and losses in the ratio 2:3:4. They decided to share future profits and losses in the ratio 4:3:2. They also decided to RECORD the effect of the following without affecting their book vakue General reserve 40000Profit and loss 20000Advertisement Suspense 15000



Discussion

No Comment Found

Related InterviewSolutions