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प्रश्न
A, B and C were partners in a firm sharing profits and losses in the ratio of 2 : 2 : 1. On 25th February, 2019, B died. B’s share of profit till the date of his death was calculated at 5,000.
Pass the necessary journal entry for the same in the books of the firm.
रोजनामा प्रविष्टि
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उत्तर
| Journal Entry | ||||
| Date | Particulars | L.F. | Debit (₹) | Credit (₹) |
| 2019 Feb 25 |
Profit & Loss Suspense A/c ...Dr. | 5,000 | - | |
| To B’s Capital A/c | - | 5,000 | ||
| (Being B’s share of profit up to the date of his death credited to his capital account) | ||||
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