X, Y and Z were partners in a firm sharing profits and losses in the ratio of $\displaystyle 5$ : $\displaystyle 3$ : 2. On $\displaystyle 31.3.2022$ X retired from the firm. On Xs retirement the firm had a balance of ₹ $\displaystyle 90,000$ in the General Reserve Account. The revaluation of assets and reassement of liabilities resulted in a loss of ₹ $\displaystyle 70$,000. Pass necessary journal entries for the above transactions on X's retirement.

$\displaystyle 3$ Books of X, Y and Z Journal Date L.F. Debit Credit Particulars Amount Amount (₹) (₹) $\displaystyle 2022$ General Reserve A/c Dr. $\displaystyle 90,000$ To X’s Capital A/c $\displaystyle 45,000$ To Y’s Capital A/c $\displaystyle 27,000$ March $\displaystyle 31$ To Z’s Capital A/c $\displaystyle 18,000$ (General Reserve transferred to Partners’ Capital Accounts on X’s retirement) X’s Capital A/c Dr. $\displaystyle 35,000$ ,, ,, Y’s Capital A/c Dr. $\displaystyle 21,000$ Z’s Capital A/c Dr. $\displaystyle 14,000$ $\displaystyle 70,000$ To Revaluation A/c (Loss on revaluation transferred to Partners’ Capital Accounts)