3. D,E and F are sharing profit and losses in the ratio 5:3:2.They decide to share profits and losses in
the ratio of 2:3:5 with effect from 1st April 2019.They are also decide to record the effect of the
following without affecting their book values by passing an adjustment entry:
General reserve Rs.1,50,000
contingency Reserve Rs. 25,000
Profit and loss A/c (cr.) Rs.75000
Advertisement suspense A/c (Dr.) Rs.1,00,000
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