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

X, Y and Z who are presently sharing profits and losses in the ratio of 5 : 3 : 2 decide to share future profits and losses in the ratio of 2 : 3 : 5. Give the journal entry to distribute 'Workmen Compensation Reserve' of 1,20,000 at the time of change in profit-sharing ratio, when there is a claim of 80,000 against it.

By: Aman