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.

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 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 :

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 and B have been carrying on business in partneship with fixed capitals of Rs. 2,40,000 and Rs. 1,20,000 respectively and sharing profits in the same proportion. They decided that with effect from from April 1, 2016 they would share profits and losses in the ratio of 3 : 2. For this purpose goodwill is to be valued at three year's purchase of the average of precending three year's profits. The profits for the years ending 31st March were 2013 : Rs. 75,000, 2014 : Rs. 60,000, 2015 Rs. 80,000 and 2016 Rs. 1,30,000. Give the necessary journal entry.

A, B and C were partners in a firm sharing profits and losses in the ratio of 3 : 2 : 1. The partners decide to share future profits and losses in the ratio of 2 : 2 : 1. Indicate each partner's gain or sacrifice due to change in ratio.

A and B are partners sharing profits and losses in the ratio of 3 : 1. It was decided that with effect from 1st April, 2015 the profit sharing ratio will be 5 : 3, Goodwill is to be val ued at 2 year's purchase of average of 3 year's profits. The profits for the years ending 31st March 2013, 2014 and 2015 were Rs. 36,000, Rs. 32,000 and Rs. 40,000 respectively. Pass necessary journal entry for the treatment of goodwill.

A, B and C were partners in a firm sharing profits and losses in the ratio of 3:2:1. The partners decide to share future profits and losses in ratio of 2:2:1. Each partner's gain or sacrifice due to change in ratio will be :

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.