abc are partner in ratio 3:2:1 c retires new ratio of a,b is 1:1 wcr is 1 lakh and claim is 40000 b wcr is 2 lakh and claim is 275000
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Workmen Compensation Reserve a/c.... Dr 72000
To Workmen Compensation Claim a/c 48000
To X's Capital a/c 12000
To Y's Capital a/c 12000
(Being adjustment of workmen compensation reserve partly for the claim and rest in the ratio of 1:1)
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