Om and Shiv are partners in a firm sharing profits

13 :-  Om and Shiv are partners in a firm sharing profits in the ratio of 4 : 1. They decided to share future profits in the ratio of 3 : 2 w.e.f 1st April, 2025. On that day, the Profit and Loss Account showed a debit balance of Rs 1,00,000. Pass Journal entry to give effect to the above.

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