Solution 18 | Cbse board examination paper 2024 Class 12 Accountancy ‪@sethsaccountancytricks‬

Solution 18 | Cbse board examination paper 2024 Class 12 Accountancy ‎@sethsaccountancytricks  Anu, Manu, Sonu and Rohan were partners in a firm sharing profits and losses in the ratio of 1:2:1:2. With effect from 1st April, 2023, they decided to share profits and losses in the ratio of 2:4:1:3. Their balance sheet showed General Reserve of ₹90000. The Goodwill of the firm was valued at ₹450000. Pass necessary journal entries for the above on account of change in profit-sharing ratio. Show your workings clearly.