Question No 13 of TS Grewal (CBSE)

Om and Shiv are partners in a firm sharing profits in the ratio of 4:1. They decided to share future profits in the ratio of 3:2 w.e.f. 1st April. On that day, Profit & Loss Account showed a debit balance of Rs. 1,00,000. Pass Journal entry to give effect to the above.

Solution No 13 of TS Grewal (CBSE)

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