Anu, Manu, Tanu and Kanu were partners in a firm sharing profits and losses in the ratio of $\displaystyle 2$ : $\displaystyle 1$ : $\displaystyle 2$ : 1. They decided to share profits and losses in the ratio of $\displaystyle 4$ : $\displaystyle 2$ : $\displaystyle 3$ : $\displaystyle 1$ with effect from 1st April, 2022. On this date, goodwill of the firm was valued at ₹ $\displaystyle 1,20,000$ and General Reserve appeared in the books at ₹ $\displaystyle 36$,000. Pass necessary journal entries for the above transactions. Show your workings clearly.

Sacrificed Share = Old share – New share Anu $\displaystyle 2$/$\displaystyle 6$ - $\displaystyle 4$/$\displaystyle 10$ = ($\displaystyle 1$/$\displaystyle 15$) Gain Manu $\displaystyle 1$/$\displaystyle 6$ – $\displaystyle 2$/$\displaystyle 10$ = ( $\displaystyle 1$/$\displaystyle 30$) Gain Tanu $\displaystyle 2$/$\displaystyle 6$ – $\displaystyle 3$/$\displaystyle 10$ = $\displaystyle 1$/$\displaystyle 30$ Sacrifice Kanu $\displaystyle 1$/$\displaystyle 6$ – $\displaystyle 1$/$\displaystyle 10$ = $\displaystyle 1$/$\displaystyle 15$ Sacrifice Books of Anu, Manu, Tanu and Kanu Journal Debit Credit Date Particulars L.F Amount Amount (₹) (₹) $\displaystyle 2022$ General Reserve A/c Dr. $\displaystyle 36,000$ April To Anu’s Capital A/c $\displaystyle 12,000$ $\displaystyle 1$ To Manu’s Capital A/c $\displaystyle 6,000$ To Tanu’s Capital A/c $\displaystyle 12,000$ To Kanu’s Capital A/c $\displaystyle 6,000$ (General reserve distributed in old ratio) ,, Anu’s Capital A/c Dr. $\displaystyle 8,000$ Manu’s Capital A/c Dr. $\displaystyle 4,000$ To Tanu’s capital A/c $\displaystyle 4,000$ To Kanu’s Capital A/c $\displaystyle 8,000$ (Goodwill adjusted on change in profit sharing ratio )