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30-01-2024
Business

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Partners do not want to distribute the profit & loss equally. Give necessary journal entries for the above.

a) Debit Profit & Loss Appropriation, Credit Partners' Capital
b) Debit Partners' Capital, Credit Profit & Loss Appropriation
c) Debit Cash, Credit Profit & Loss Appropriation
d) Debit Profit & Loss Appropriation, Credit Cash

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