faithlynne72441 faithlynne72441

23-01-2024
Business

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Partners do not want to distribute the profit & loss. Give necessary journal entries for the above.
a) Debit: Profit & Loss Suspense, Credit: Capital Accounts
b) Debit: Profit & Loss Suspense, Credit: Partners' Current Accounts
c) Debit: Capital Accounts, Credit: Profit & Loss Suspense
d) Debit: Partners' Current Accounts, Credit: Profit & Loss Suspense

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