Complete and Balanced Chemical Equations
(1) Thermal Decomposition of Potassium Permanganate: \[ 2KMnO_4 \xrightarrow{\text{heat}} K_2MnO_4 + MnO_2 + O_2 \] (2) Dichromate-Iodide Reaction: \[ Cr_2O_7^{2-} + 6I^- + 14H^+ \rightarrow 2Cr^{3+} + 3I_2 + 7H_2O \]
Preet and Saral were partners sharing profits and losses in the ratio of 3:2. On 31st March, 2024 they decided to change their profit sharing ratio to 1:1. On the date of reconstitution goodwill of the firm was valued at Rs 1,00,000. The journal entry for treatment of goodwill on account of change in profit-sharing ratio will be: