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Steps involved in recording of past adjustment journal entry are given below. Arrange the steps in correct order and select the correct option: i) Calculation of correct amount to be distributed ii) Ascertaining the partners to be debited and credited iii) Calculation of profit already distributed between/among the partners iv) Pass the adjustment journal entry a) i) ii) iii) iv) b) i) iii) ii) iv) c) iv) iii) ii) i) d) iv) iii) i) ii) |
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Answer» b) i) iii) ii) iv) |
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