Question

ACHIE
7. P, Q and R partners in 3:2:1. decide to share profit equally.
Investment Fluctuation Reserve. 30000; investment 500000
Market Value 488000 . The amount transfer to Partners capital account is *
(1 Point)​

Answer 1

Answer:

here the reserve is 30,000

and loss due to change in value = (5, 00,000-4, 88,000) = 12,000

therefore the surplus amount of reserve = 30,000-12, 000= 18,000 is transferred to partners capital accounts in their old profit sharing ratio