A,b and c are partners producing electronic goods and sharing profits and losses in the ratio of 2:3:4 . they decided to share future profits and losses in the ratio of 4:3:2 .they also decided to record the effect of the following without affecting their book values General reserve 160000
Profits and loss a/c 80000
Advertisment suspense a/c 60000
You are required to give the necessary single journal entry.
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