Question

. (a) X, Y and Z share profit and losses in the ratio 5 : 3 : 2 respectively. Y retires X and Z decide to share future profits and losses in the ratio of 3 : 5. At the time of retirement of Z, Stocks (Book Value Rs 60,000) is to be reduced by 40% and Furniture (Book Value Rs 50,000) is to be reduced by 40%. Pass necessary Journal entries.

Answer 1

Answer:

Plz tell the chap name nd subj