19 :- A, B and C are partners sharing profits in the ratio of 4/9 : 3/9 : 2/9. B retires and his capital after making adjustments for reserves and gains (profit) on revaluation stands at Rs 1,39,200. A and C agreed to pay him Rs 1,50,000 in full settlement of his claim. Record necessary journal entry for adjustment of goodwill if the new profit sharing ratio is decided at 5:3.
20 :- Shivam, Kapil and Deepak are partners sharing profits in the ratio of 3:1:2. On 31st march 2024, Kapil retired and his capital account after adjustments of reserves and profit on revaluation was Rs 3,50,000. Shivam and Deepak paid him Rs 4,20,000 in settlement of his claim. To settle his account, a computer of Rs 4,20,000 was given to Kapil. Pass the necessary journal entries in the books of the firm.