profit and loss

A and B are partners sharing profits and losses in the ratio of 2 : 1. From April 1, 2017, they decided to share the profits in the ratio of 3 : 2. On that date, profit and loss account showed a debit balance of Rs. 60,000. Record the necessary journal entry for the distribution of the balance in the Profit and Loss Account.

A, B and C are partners sharing profits and losses in the ratio of 1 : 2 : 3. From April 1, 2016 , they decided to share the profits in the ratio of 2 : 3 : 4. On that date, Profit and Loss Account disclosed a debit balance of Rs. 90,000. Record the necessary journal entry for the distribution of the balance in the Profit and Loss Account.

In the absence of partnership deed, partners share profits or losses :

If cost price of 5 cars is equal to selling price of 4 cars. Find the percentage of profit or loss ? A. 10% profit B. 10% Loss C. 25% Profit D. 25% Loss

A and B were partners in a firm sharing profit or loss equally. With effect from 1st April , 2019 they agreed to share profits or losses eqully. Due to change in profit sharing ratio, A's gain or sacriffice will be :

Profit & Loss(लाभ हानि)