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.

Profit & Loss(लाभ हानि)

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 :

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