X, Y, and Z are sharing profits and losses in the ratio of 5 : 3 : 2. They decide to share future profits and losses in the ratio of 2 : 3 : 5 with effect from 1st April, 2023. They also decide to record the effect of the following accumulated profits, losses, and reserves without affecting their book values by passing a single entry. Pass an Adjustment Entry
X, Y, and Z are sharing profits and losses in the ratio of 5 : 3 : 2.
They decide to share future profits and losses in the ratio of 2 : 3 : 5 with effect from 1st April, 2023.
They also decide to record the effect of the following accumulated profits, losses, and reserves without affecting their book values by passing a single entry.
Pass an Adjustment Entry
Anurag Pathak Changed status to publish April 30, 2023
