X, Y and Z are sharing profits and losses in the ratio of 3 : 2 : 1. They decide to share future profits and losses in the ratio of 5 : 3 : 2 with effect from 1st April, 2019. On this date, the Balance sheet showed Contingency Reserve ₹ 9,000 and Deferred Advertisement Expenditure ₹30,000.Goodwill was valued at ₹ 4,80,000.Answer the following questions:1) What is the journal entry for Deferred Advertisement Expenditure ₹30,000 a. Dr. X Capital a/c ₹15,000; Dr. Y Capital a/c ₹10,000; Dr. Z Capital a/c ₹5,000; Cr. Deferred Advertisement Expenditure a/c ₹ 30,000 b. Dr. X Capital a/c ₹15,000; Dr. Y Capital a/c ₹9,000; Dr. Z Capital a/c ₹6,000; Cr. Deferred Advertisement Expenditure a/c ₹ 30,000c. Dr. Z Capital a/c ₹10,000; Cr. Y Capital a/c ₹10,000 d. None of the above2) What is the journal entry for Contingency Reserve ₹ 9,000 a. Dr. Contingency Reserve a/c ₹9,000; Cr. X Capital a/c ₹4,500; Cr. Y Capital a/c ₹3,000; Cr. Z Capital a/c ₹ 1,500 b. Dr. Contingency Reserve a/c ₹9,000; Cr. X Capital a/c ₹4,500; Cr. Y Capital a/c ₹2,700; Cr. Z Capital a/c ₹ 1,800 c. Dr. Z Capital a/c ₹300; Cr. Y Capital a/c ₹300 d. None of the above 3) What is the journal entry for Goodwill was valued at ₹ 4,80,000. a. Dr Goodwill a/c ₹ 16,000; Cr. Y Capital a/c ₹ 16,000 b. Dr. Y Capital a/c ₹ 16,000; Cr. Z Capital a/c ₹ 16,000 c. Dr. Z Capital a/c ₹ 16,000; Cr. Y Capital a/c ₹16,000 d. None of the above 4) The partner(s) whose share will be unaffected a. Y b. Z c. X d. Z and Y