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
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Explanation:
excess goes to partners in sharing ratio
I hopes u get abbrivations
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