Mr. Basha, Mr. Tariq and Mr. Taslim are partners in a firm sharing profits in...
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Accounting
Mr. Basha, Mr. Tariq and Mr. Taslim are partners in a firm sharing profits in the ratio of 2:2:1 respectively. The firm was dissolved on 1st March, 2020. After transferring assets (other than cash) and third party liabilities to the realization Account Creditors of OMR 5,000 were paid OMR 4,000 in full settlement of accounts. What is the the correct journal entry
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