Amit, Archit and Akshat are partners in a firm in the ratio of 3 : 2 : 1. On 1st April, 2019 they decided to share the profits in future in the ratio of 7 : 5 : 4. On this date General Reserve is Rs. 38,000 and profit on revaluation of assets and liabilities being Rs. 34,000. It was decided that adjustment should be made without altering the figures in the Balance Sheet. Make adjustment by one single journal entry.

Explanation

`{:("Akshat's Capital A/c","Dr.","6,000",),(" To Amit's Capital A/c",,,"4,500"),(" To Archit's Capital A/c",,,"1,500"):}`