CUET UG Accountancy 28 May 2023 Shift 3

A, B & C were sharing profits & losses in the ratio of 3 : 2 : 1. They decided to share profits & losses equally in future. General reserve was appearing in their books at ₹60,000. Goodwill was valued at ₹1,20,000. The partners do not want to disturb the general reserve.
The adjusting entry will be: