22. Mita, Gopal and Farhan were partners sharing profits and losses in the ratio 3:2:1. On 31st March, 2018 they decided to change the profit-sharing ratio to 5:3:2. On this date, the Balance Sheet showed Deferred Advertisement Expenditure ₹30,000 and Contingency Reserve ₹9,000.

Goodwill was valued at ₹4,80,000. Pass the necessary Journal entries for the above transactions in the books of the firm on its reconstitution.

(CBSE 2019)