Question

A:B:C = 9:6:5 profit sharing ratio
prepare journal entries

i) Workmen Compensation Reserve of Rs.12,000 and claim is estimated for
Rs.14,000 against it.


ii) Investment Fluctuation Reserve A/C of Rs.60,000 and Market Value of Investment

is increased by Rs.20,000​

Answer 1

Explanation:

excess goes to partners in sharing ratio

I hopes u get abbrivations