Answer:
Adjusting Journal Entry
Adjustment Table Date Particulars LF Amt (Dr) Amt (Cr) C?s Capital A/c Dr 27,500 To A?s Capital A/c 27,500 (Being the adjustment made for profit divided in wrong ratio)
Working Note Profit = 70,000 + 42,000 + 53,000 = Rs. 1,65,000 Particulars A (Rs.) B (Rs.) C (Rs.) I. Amount Already Recorded (1,65,000 in 1 : 1 : 1) 55,000 55,000 55,000 II. Amount which should have been Recorded (1,65,000 in 3 : 2 : 1) 82,500 55,000 27,500 Difference (I ? II) 27,500 (Cr) - 27,500 (Dr)
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