Question

A,B and C are partners sharing profits and losses in the ratio 2:3:4. They
decided to share future profits and losses in the ratio 4:3:2. They also
decided to record the effect of the following without affecting their book
vakue
General reserve 40000
Profit and loss 20000
Advertisement Suspense 15000​

Answer 1

General resever r = 40,000.

Profit & loss A/c = 20,000.

answer is 60,000.

Advertisement suspense = 60,000 - 15000.

Net effect = 45,000

Aluction of sacrifice or gain

Id Radio a,b,c = 2/9,3/9,4/9 (gain)

Radio of a,b,c = 4/9,3/9,4/9 (sacrifice)