Question - 12

Ram and Shyam are partners sharing profit and loss of a business equally they decided to change the profit sharing ratio to 3:2: the value of firms goodwill (for which no accounts appears in the book) on this date Rs. 10,000 general reserve is appearing in the books as Rs. 8,000 you are required to pass the necessary adjustment journal entries.

NOTE : Please purchase the book for looking question.