Question - 09

A, B and C partners sharing profit and loss account in the ratio of 4:3:2 on 1 April, 2018 they decided to share profit and loss equally on that date the books of accounts show Rs. 1,80,000 in general reserve, Rs. 60,000 in workman compensation fund and credit balance of Rs. 45,000 in profit and loss account pass journal entries for the above trading that the above may be transferred to partners capital.

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