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Veera and Sia are partners, sharing profits in the ratio of 3 : 2. Profit for the year 2013-14, amounting to Rs 18,000 was distributed wrongly

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Veera and Sia are partners, sharing profits in the ratio of 3 : 2. Profit for the year 2013-14, amounting to Rs 18,000 was distributed wrongly in the ratio of 2 : 3. You are required to rectify the error by passing an adjusting journal entry.

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Adjusting Journal Entry

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