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प्रश्न
Kumar, Verma and Naresh were partners in a firm sharing Profit and Loss in the ratio of 3 : 2 : 2. On 23rd January, 2015 Verma died. Verma's share of profit till the date of his death was calculated at ₹ 2,350. Pass necessary Journal entry for the same in the books of the firm.
संख्यात्मक
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उत्तर
The Journal entry for transferring Verma’s share of profit to his capital account is given below
Journal
|
Date |
Particulars |
L.F. |
Debit Amount (Rs) |
Credit Amount (Rs) |
|
|
|
Profit and Loss Suspense A/c |
Dr. |
|
2,350 |
|
|
|
To Verma’ Capital A/c |
|
|
2,350 |
|
|
|
(Verma’s share of profit dispensed through his Capital Account) |
|
|
|
|
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