Accountancy, asked by chaturbhuj7110, 6 months ago

Give the journal entries for investment fluctuation reserve when the market value of investment is lower than the book value.

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Answered by srishti539
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Answer:

ANSWER

Investment fluctuation reserve is created as a provision for any change in the market value of investments. Its a reserve appearing in the balance sheet on the date of admission and it needs to be distributed among the old partners in their profit sharing ratio

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