23. 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, 2025. 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 & Loss A/c (Credit)

24,000

Advertisement Suspense A/c

12,000

Pass an Adjustment Entry.