Ashok, Bhim and Chetan who were sharing profits

16 :-  Ashok, Bhim and Chetan who were sharing profits in the ratio of 5 : 3 : 2, decided to share profits in the ratio of 2 : 3 : 5 with effect from 1st April, 2025. Workmen Compensation Reserve existed at Rs 1,20,000 in the Balance Sheet as at 31st March, 2025 and Workmen Compensation Claim of Rs 1,50,000 exists. Pass journal entries for the accounting treatment of workmen compensation reserve.

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