1 Reserves questions from CUET Accountancy 2022 15 July Shift 2 with detailed answers and explanations. Free previous year questions and MCQs.
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Reserves โ CUET Accountancy 2022 15 July Shift 2(1โ1 of 1)
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X and Y are partners in a firm sharing profits in the ratio of 4:1. Z is admitted in the firm for 51โth share. On the admission of Z there was a balance of Rs.ย 20,000 in general reserve. What would be the journal entry for distributing the reserve?
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