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प्रश्न
Arul and Anitha are partners sharing profits and losses in the ratio of 4 : 3. On 31.3.2018, Ajay was admitted as a partner. On the date of admission, the book of the firm showed a general reserve of ₹ 42,000. Pass the journal entry to distribute the general reserve.
रोजकीर्द नोंद
उत्तर
| Date | Particulars | L.F. | Debit (₹) |
Credit (₹) |
| General Reserve A/c ......Dr. To Arul's Capital A/c To Anitha's Capital A/c (Distribution of accumulated profits to old partners capital) |
42,000 - - |
- 24,000 18,000 |
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Adjustment of Capital on the Basis of New Profit Sharing Ratio
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