Question: Please explain to get the answer. X and Y shared profits & loss in the ratio of 2:3. staring 1st April 2019, they agreed to

Please explain to get the answer. X and Y shared profits

Please explain to get the answer.

X and Y shared profits & loss in the ratio of 2:3. staring 1st April 2019, they agreed to distribute profits equally. The firm goodwill was valued at 60,000. The adjustment entry will be. 1) Dr. Y and Cr. X with 36,000 2) Dr. X and Cr. Y with 6,000 3) Dr. X and Cr. Y with 36,00 4) Dr. Y and Cr. X with 6,00

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