A, B and C were partners sharing profits and losses in the ratio of `7:3:2.` From 1st January, 2019 they decided to share profits and losses in the ratio of `8:4:3.` Goodwill is Rs1,20,000. In Adjustment entry for goodwill:

A, B and C were partners sharing profits and losses in the ratio of 7 : 3 : 2. From 1st April 2015, they decided to share profits and losses in the ratio of 8 : 4 : 3. Goodwill is to be valued at the average of three year's profits preceding the date of change in profit sharing ratio. The profits for the years ending 31st March 2012, 2013, 2014 and 2015 were Rs. 52,000, Rs. 48,000, Rs. 60,000 and Rs. 90,000 respectively. Give the necessary journal entry.

P and Q were partners sharing profits and losses in the ratio of 3:2. They decided that with effect from 1st january, 2019 they would share profits and losses in the ratio of 5:3. Goodwill is valued at Rs 1,28,000. In adjustment entry:

A , B and C were partners sharing profit or loss in the ratio of 7:3:2 From jan 1, 2019 they decided to share or loss in the ratio of 8:4:3. Due to change in the profit-loss sharing ratio, B's gain or scirifice will be :

A, B and C are partners sharing profits in the ratio of 5 : 3 : 2. It is now agreed that they will share profits in the ratio of 5 : 4 : 3. Goodwill is valued at Rs. 1 ,20,000. Pass a single journal entry for the treatment of goodwill.

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.

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 and B share profits and losses in the ratio of 3:2 With effect from 1st january, 2019, they agreed to share profits equally. Sacrificing ratio and Gaining Ratio will be:

A and B were partners in a firm sharing profits and losses in the ratio of 2:1. With effect from 1st january, 2019 they agreed to share profits and losses equally. Individual partner's gain or sacrifice due to change in the ratio will be: