A, B and C’s profit sharing ratio is 1 : 2 : 2. Before debiting real – InterviewSolution

1.	A, B and C’s profit sharing ratio is 1 : 2 : 2. Before debiting realization loss partners capital account balance are Rs 3,000 (Dr.), Rs 6,000 (Cr.) and Rs 2,000 (Cr.) and realization loss 5,000. A became insolvent, give journal entry for bearing deficiency of A.
Answer» B’s Capital A/C Dr. 3000 C’s Capital A/c Dr. 1000 To A’s Capital A/C 4,000 (Deficiency of A’s amount bear by B and C their capital ratio.)

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