Sita, Gita and Rita are partners sharing profits in the ratio of 4 : 3 : 2. From April 1, 2024, they decided to share the profit equally. On that date their books showed the following items:
% List of items
Items:
General Reserves: ₹1,80,000
Workmen Compensation Reserve: ₹2,25,000
Profit & Loss Account (Dr.): ₹4,50,000
Record the necessary Journal Entries.