Question

Adjustment of Capital Accounts
12. X, Y and Z are partners in a firm sharing profit in the ratio of 5:2:3. On 1st April, 2017, Y retires
from the firm X and Z agree that the capital of new firm shall be fixed at 24,00,000 in the profit
sharing ratio. The Capital Accounts of X and Z after all adjustments on the date of retirement
showed balances of 2,90,000 and < 1,26,000 respectively. State the amount of actual cash to be
brought in or to be paid off to the partners and make Journal entries.
Ans. Amount of Cash to be brought in by ZR 24,000; Amount of Cash to be paid off to X 40,000.1
33. A, B and C are partners sharing profits and losses in the ratio of 4 : 3:2 respectively. A retired
from the firm on 1st April, 2019 when the capital of A, B and C after all necessary adjustments
stood at 265,000, 55,000 and 30,000 respectively. B and C decided to share profits in the ratio
of 3 : 2 in future and also decided to have their capitals in this ratio by making necessary
adjustments. Calculate the amount of actual cash to be brought in or to be paid off to the partners
and make Journal entries​

Answer 1

Answer:

I don't know sorry I don't understand the question first of all