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
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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)
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