Question

A, B and C sharing profits and losses in the ratio of 3:2:1 decide to admit D for
1/5th share with effect from 1st April, 2017. An extract of their Balance Sheet as a
31st March, 2017 is :
₹
Liabilities
Investments Fluctuation Reserve
Assets
30,000 Investments (At cost)
5,00,000
Show the accounting treatment under the following alternative cases :
Case 1. If there is no other information.
Case 2. If the market value of investments is 5,00,000.
Case 3. If the market value of investments is 4,82,000.
Case 4. If the market value of investments is 34,55,000.
Case 5. If the market value of investments is 5,24,000.​

Answer 1

Answer:

5,24,000 answer write

Explanation:

5,24,000 answer write