Accountancy, asked by sheshantirkey03, 7 days ago

AB and C who are presently sharing profits and losses in the ratio of 5:3:2 decide to share future profits and losses 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. ​

Answers

Answered by ms8019181Saad
0

Answer:

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Explanation:

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