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A, B and C who are sharing profits and losses in the ratio of 5 : 3 : 2 decide to share future profits in the ratio of 2 : 3 : 5.

Give the Journal entry to distribute ‘Investments Fluctuation Reserve’ of ₹ 20,000 at the time of change in profit sharing ratio, when investment (market value ₹ 95,000) appears in the books at ₹ 1,00,000.

Anurag Pathak Changed status to publish April 29, 2023
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