A, B and C are partners, sharing profits and losses in the ratio 4:3:…

Revaluation A/c Dr- 40,000
   To Capital A/C - 40,000
(Reserve distributed)

A's Capital A/C Dr - 16,000
B's Capital A/C Dr - 12,000
C's Capital A/C Dr - 12,000
   To Workmen's Compensation Reserves A/C- 40,000
(Reserve distributed)

A's Capital A/C Dr - 24,000
B's Capital A/C Dr - 18,000
C's Capital A/C Dr - 18,000
   To Workmen's Compensation Reserve A/c - 60,000
(Reserve distributed)

Workmen's Compensation Reserve A/c Dr - 40,000
   To A's Capital A/C Dr - 16,000
   To B's Capital A/C Dr - 12,000
   To C's Capital A/C Dr - 12,000
(Reserve distributed)