A and B are partners in a firm sharing p...

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.

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