X and Y are partners in a firm sharing profit and losses in the ratio of 5:2 On 31st March, 2019 their Balance Sheet showed General Reserve ofRs 3,50,000. On that date, they decided to admit Z as a new partner and the new profit-sharing ratio will be 5:3:2. Give necessary Journal entries in the books of the firm udner the following circumstances:
(i) When they want to transfer the General Reserve to their Capital Accounts
(ii) When they don't want to transfer general reserve to their Capital Accounts but prefer to record an adjustment entry for the same.

A and B are partners in a firm sharing profits in the ratio of 4 : 3. On March 31, 2016 their Balance Sheet showed a General Reserve of Rs. 35,000. On that date they decided to admit Sewak as a new partner and the new profit-sharing ratio will be 5 : 3 : 2. Record necessary journal entries in the books of the firm under the following circumstances : (i) When they want to transfer the general reserve to their capital accounts. (ii) When they don't want to transfer general reserve in their capital accounts but prefer to record and adjustment entry for the same.

A and B are partners in a firm sharing profits in the ratio of 3 : 2. On March 31, 2016, their Balance Sheet showed a general reserve of Rs. 54,000. On that date they decided to admit C as a new partner. The new profit sharing ratio between A , B and C will be 4 : 3 : 2, Record the necessary journal entry in the books of the firm under the following circumstances : (i) When they want to transfer the general reserve in their capital accounts. (ii) When they don't want to transfer general reserve in their capital accounts and prefer to record an adjustment entry for the same.

X and Y were partners in a firm sharing profits and losses in the ratio of 2 : 1. Z was admitted for 1/3rd share in the profits. On the date of Z's admission, the Balance Sheet of X and Y showed General Reserve of RS.2,50,000 and a credit balance of RS.50,000 in Profit and Loss Account. Pass necessary Journal entries on the treatment of these items on Z's admission.

X and Y are partners in a firm sharing profits and losses in the ratio of 3 : 2. Z is admitted as partner with 1/4th share in profit. Z acquired his share from X and Y in the ratio of 2 : 1. Calculate new profit-sharing ratio.

X and Y were partners in a firm sharing profits in the ratio of 5 : 3. With effect from 1st April, 2019 they agreed to share profits equally. 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 are partners in a firm sharing profits and losses in the ratio of 2 : 3. C is admitted for 1/5 share in the profits of the firm. If C gets it wholly from A, the new profit sharing ratio after C's admission 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: