X, Y and Z are partners sharing profits in the ratio of 4 : 3 : 2. From April 1, 2017, they decided to share the profits equally. On that date their books showed the following items :
`{:(,,"Rs."),("Profit & Loss Account (Cr.)",,"1,20,000"),("General Reserve",,"45,000"),("Workmen Compensation Reserve",,"60,000"),("Advertisement Suspense Account (Dr.)",,"90,000"):}`
Record the necessary Journal entries.

A, B and C are partners sharing profits and losses in the ratio of 2 : 2 : 1. From 1s April, 2019 they decided to share future profits and losses equally . Following balances appeared in their books : {:(," Rs."),("Profit and Loss A/c (Cr.)","20,000"),("Advertisement Suspense A/c (Dr.)","15,000"),("Workmen Compensation Reserve","60,000"):} It was agreed that : (i) Goodwill should be valued at two year's purchase of super profits. Firm's average profits. Firm's average profits are Rs. 75,000. Capital invested in the business is Rs. 6,00,000 and normal rate of return is 10%. (ii) Furniture (book value of Rs. 50,000) be reduced to Rs. 30,000. (iii) Computers (book value of Rs. 40,000) be reduced by Rs. 10,000. (iv) Claim on account of Workmen's Compensation amounted to Rs. 50,000. (v) Investments (book value of Rs. 30,000) were revalued at Rs. 25,000. Pass necessary journal entries for the above.

A, B and C are partners sharing profits and lossess in the ratio of 2 : 3 : 4. They decided to share future profits and losses in the ratio of 4 : 3 : 2. They also decided record the effect of the following without affecting their book values : {:(,,"Rs."),("General Reserve",,"40,000"),("Profit & Loss A/c",,"20,000"),("Advertisement Suspense A/c",,"15,000"):} You are required to give the necessary single journal entry.

X and Y were partners sharing profits in the ratio of 2 : 1. With effect from 1st April, 2016, they decided to share profits in the ratio of 3 : 1. For this purpose the goodwill of the firm is valued at Rs. 1,80,000. Give the necessary 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,

Parth, Raman and Zaisha are partners in a firm manufacturing furniture. They have been sharing profits and losses in the ratio of 5 : 3 : 2. From 1st April, 2017 they decided to share future profits and losses in the ratio of 2 : 5 : 3. Their Balance Sheet showed a debit balance of Rs. 4,000 in Profit & Loss Account, balance of Rs. 36,000 in General Reserve and a Balance of Rs. 12,000 in Workmen's Compensation Reserve. It was agreed that - (i) The goodwill of the firm be valued at Rs. 76,000. (ii) The Stock (book value of Rs. 40,000) was to be depreciated by 8% (iii) Creditors amounting to Rs. 900 were not likely to be claimed. (iv) Claim on account of Workmen's Compensation amounted to Rs. 20,000 (v) INvestments (book value Rs. 38,000) were revalued at Rs. 40,000. Pass necessary Jouranl entries for the above.

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 :