A,b and c formed a partnership firm of making handmade sheet by recycling the waste material. A,being the working partner, distributed the profit of rup 75,000 for the year in the ratio 2:1:1 after allowing a salary of rup 25,000 to himself for the year . B and c objected to it . Settle the dispute among the partners through a single adjustment entry and which values are highlighted in the question?

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Siddharth Sharma
Dec. 13, 2017, 10:24 a.m.