SAT, 08.06.2021 01:00 glocurlsprinces
leela and meeta were partners in a firm sharing profits and losses in the ratio of 5:3. On is jan , 2007 they admitted Om as a new partner. On the date of Om's admission the balance sheet of leela and meeta showed a balance of Rs. 16,000 in general reserve and Rs . 24,000( cr) in profit and loss acc . Record necessary journal entries for treatment of these items on Om's admission. The new profit sharing ratio between leela , meeta and om was 5:3:2
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leela and meeta were partners in a firm sharing profits and losses in the ratio of 5:3. On is jan ,...
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