J, K and P are partners sharing profits and losses in the ratio of 3:3:1...
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Accounting
J, K and P are partners sharing profits and losses in the ratio of 3:3:1 respectively. Mr. J died on 31st December 2021. Final amount due to her showed a credit balance of 1,00,000. Pass journal entries if, (a) The amount due is paid off immediately. (b) The amount due is not paid immediately. (c) 50, 000 is paid and the balance in future.
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