X, Y and Z are partners in a firm sharing profits in the ratio of `3:2:1.` They decided to share future profits equally. The profit and Loss Account showed a Credit balance of Rs 60,000 and a General Reserve of Rs 30,000. If these are not be shown in balance sheet, in the journal entry :

A, B and C are partners in a firm sharing profits in the tatio of 3:4:1. They decided to share profits equally w.e.f. 1st April, 2019. On that date the profit and Loss Accoutn showed the credint balance of Rs 96,000. Instead of closing the Profit and Loss Account, it was decided to record an adjustment entry reflecting the change in profit sharing ratio. In the journal entry :

A, B and C are partner sharing profits in the ratio of 1:2:3. On 1-4-2019 they decided to share the profits equally. On the date there was a credit balance of Rs 1,20,000 in their Profit and Loss Account and a balance of Rs 1,80,000 in General Reserve Account. Instead of closing the General R eserve Account and Profit and Loss Account, it is decided to record an adjustment entry for the same. In the necessary adjestment entry to give effect to the above arrangement,

A and B are partners sharing profits and losses in the ratio of 2 : 1. From April 1, 2017, they decided to share the profits in the ratio of 3 : 2. On that date, profit and loss account showed a debit balance of Rs. 60,000. Record the necessary journal entry for the distribution of the balance in the Profit and Loss Account.

X, Y and Z sharing profits and looses in the ratio of 1 : 2 : 2, decide to share future profits equally with effect from 1st April, 2016. On that date, Profit and Loss Account showed a credit balance of Rs. 1,20,000. Partners do not want to distribute the profit but prefer to record the change in the profit sharing ratio by passing an adjustment entry. You are required to give the adjusting entry.

A, B and C are partners sharing profits and losses in the ratio of 1 : 2 : 3. From April 1, 2016 , they decided to share the profits in the ratio of 2 : 3 : 4. On that date, Profit and Loss Account disclosed a debit balance of Rs. 90,000. Record the necessary journal entry for the distribution of the balance in the Profit and Loss Account.

A, B and C are partner sharing profits in the ratio of 1 : 2 : 3. On 1-4-2016 they decided to share the profits equally. On the date there was a credit balance of Rs. 1,20,000 in their Profit and Loss Account, it is decided to record and adjustment entry for the same. In the necessarry adjustment entry to give effect to the above arrangement :

A, B, C and D are partners in a firm sharing profits and losses in the ratio of 2 : 2 : 1 : 1. They decided to share future profits and losses in the ratio of 3 : 2 : 2 : 3. For this purpose goodwill of the firm valued at Rs. 1,50,000. There was also a reserve of Rs. 60,000 in the books of the firm. Find out sacrifice ratio and gaining ratio and pass necessary journal entry assuming that reserve is not to be disttibuted.