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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

## Answers

Answered by

3

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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