Board Question Paper : July 2019 — Elements of Account STD 12 Commerce — Question
Gujarat BoardEnglish MediumSTD 12 CommerceElements of AccountBoard Question Paper : July 20191 Mark
Question
How is the consolidated profit distributed ?
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Answer
The balance of consolidated accumulated profit is distributed amongst the existing (Current) partners in this old Profit-Loss sharing ratio. Profit-Loss A/c. Dr. .......... To partner's capital current A/c. ..........
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