P, Q and R were partners in a firm sharing profits in `5:3:2` ratio. They decided to share the future profits in `2:3:5.` For this purpose the goodwill of the firm was valued at Rs 1,20,000. In adjustment entry for the treatment of goodwill due to change in the profit sharing ratio.

Anant, Gulab and Khushbu were partners in a firm sharing profits in the ratio of 5 : 3 : 2. From 1.4.2014, they decided to share the profits equally, For the purpose the goodwill of the firm was valued at Rs. 2,40,000. Pass necessary journal entry for the treatment of goodwill on change in the profit sharing ratio of Anant, Gulab and Khushbu.

A, B and C were partners in a firm sharing profits in 4:3:2 ratio. They decided to share future profits in 4:3:1 ratio. Scarificing ratio and gaining ratio will be :

A and B were partners in a firm sharing profits in the ratio 3 : 2. With effect from 1st April 2016 they agreed to share profits equally. For this purpose the goodwill of the firm was valued at Rs. 30,000. Pass the necessary journal 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.

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, C and D are partners in a firm sharing profits and losses in the ratio of 2 : 2 : 1 : 1. They decided to share profits in future in the ratio of 4 : 3 : 2 : 1. For this purpose goodwill of the firm was valued at Rs. 1,80,000. There was also a reserve of Rs. 60,000 in the books of the firm. Find out sacrifice and gaining ratio and pass necessary journal entry assuming that partners do not want to distribute the reserve.

A, B and C partners sharing profits in the ratio of 4:3:2 decided to share profits equally. Goodwill of the firm is valued at Rs 10,800. In adjusting entry for goodwill: