A, B and C are partners sharing profits equally. From 1st April, 2017, they decided to share profits in the ratio of 3 : 4 : 5. On that date, Profit and Loss Account showed a credit balance of Rs. 90,000. Partners do not want to distribute the Profit and Loss Account balance but prefer to record the change by an adjustment entry. You are required to give the adjusting entry.

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 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.

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 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 and B were in partnership sharing profits equally. With effect from 1st April, 2019 they agreed to share profits in the ratio of 4 : 3. Calculate the individual partner's gain or sacrifice due to change in ratio.

A and B are partners in a firm sharing profits in the ratio of 3 : 2 . They decided to share profits in the ratio of 3 : 4 w.e.f., April 1, 2016. On that date there was journal entry assuming that partners decide to distribute the profits.

A and B were pretners in a firm sharing profit or loss equally. With effect from 1st April, 2019 they agreed to share profits in the ratio of 4:3. Due to change in profit sharing ratio, A 's gain or sacriffice will be :

A and B were partners in a firm sharing profit or less equally. With effect from 1at April, 2019 they agreed to share profits in the ratio of 4:3 Due to change in profit sharing ratio, B's gain or sacrifice will be :