Question

farah,gauri and malaika are partners sharing profits equally as from 1st April 2015 they decide to change their profit sharing ratio to 6:5:4. an extract of their balance sheet as at 31st March 2015 is liabilities side- investment fluctuation reserve rupees 48000 and assest side-investment (at cost) rupees 750000.
show the accounting treatment under the following alternative cases -1) if there is no other information,2) if the market value of investment is also rupees 750000 ,3) the market value of investment is rupees 725000 ,4) if the market value of investment is rupees 800000 .​

Answer 1

Answer:

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