X, Y and Z are partners in a firm sharing profits in the ratio `4:3:2.` Their Balance Sheet as at 31-3-2019 showed a debit balance of Profit & Loss A/c Rs1,80,000. From 1-4-2019 they will share profits equally. In the necessary journal entry to give effect to the above arrangement when X, Y and Z decided not to close the Profit & Loss Account:

X, Y and Z are partners in a firm sharing profits in the ratio 4 : 3 : 2. Their Balance Sheet as at 31-3-2016 showed a debit balance of Profit & Loss A/c Rs. 1,80,000. From 1-4-2016 they will share profits equally. In the necessary journal entry to give effect to the above arrangement when X, Y and Z decided not to close the Profit & Loss Account :

X and Y are partners sharing profits in the ratio of 3 : 1. Z is admitted as a partner for which he pays RS.30,000 for goodwill in cash. X, Y and Z decide to share the future profits in equal porportion. You are required to pass a single Journal entry to give effect to the above arrangement.

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 :

Arun and Varun are partners sharing profits in the ratio of 4:3. Their Balance Sheet showed a balance of Rs 56,000 in the General Reserve Account and a debit balance of Rs14,000 in Profit and Loss Account. Then now decided to share the future profits equally. Instead of closing the General Reserve Account and Profit and Loss Account, it is decided to pass an adjustment entry for the same. In adjustment 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.