Question - 10

Sita, Gita and Rita are partners in a firm sharing profit and loss in the ratio of 1:2:3 on 31st March, 2018 their balancesheet showed a balance of Rs. 1,20,000 as undistributed profit on 1st April, 2018 the partners decided to share profit and loss equally pass journal entries to give effect of the above adjustment when the partners have decided not close the profit and loss account.

NOTE : Please purchase the book for looking question.