Question

0. A, B, C and D are partners sharing profits in the ratio of 4:3:2:2.c retires and the remaining pares decided to share future profits in 5:3:2. On the date C's retirement there was a debit balance of 30,800rupees in the profit and loss account Show the necessary journal entry for the treatment of profit and loss account balance.
Ans. Capital accounts of all partners will be debited in old ratio)​

Answer 1

Answer:

i think this was the answer

Answer 2

Refer to the Attachment!!!

Thanks!!!!