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Class 12 Accountancy Partnership Accounts - Basic Concepts AdjustmentsEasy

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If expense was recorded twice and amount is six thousand rupees how much will profit increase in adjustment?

Answer and explanation

Correct answer: Six thousand rupees

Removing one extra expense increases profit by six thousand rupees. Then credit it to partners in ratio.

Related tags

Expense Double Recorded Numerical Adjustment Adjustments Partnership Accounts Basic Concepts Accountancy Class 12 Mcq

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