X Y and Z are sharing profits and losses in the ratio of 5 3 2 They decide to share future profits ......

X, Y and Z are sharing profits and losses in the ratio of 5 : 3 : 2. They decide to share future profits and losses in the ratio of 2 : 3 : 5 with effect from 1st April, 2019. They also decide to
record the effect of the following accumulated profits, losses and reserves without affecting their book values by passing a single entry .
                                       

                                         Book Values
General Reserve             6,000
Profit and Loss A/c          24,000
Credit

Advertisement                 12,000
Suspense A/c
Pass an Adjustment Entry.