1.

A, B and C who are presently sharing profits and losses in the ratio of 5 : 3 : 2 decide to share future profits and losses in the ratio of 2 : 3 : 5 . Give the journal entry to distribute Workmen Compensation Reserve of ₹ 1,20,000 at the time of change in profit-sharing ratio, when: (i) no information is given. (ii) there is no claim against it.

Answer» EI don't KNOW ASK ANYONE elseor ask to GOOGLE


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