Question

. Hari, Kunal and Uma are partners in a firm sharing profits and losses in the ratio of 5:37. From1st April, 2018 they decided to share future profits and losses in the ratio of 2:5:3. Their Balance Sheetshowed a balance of 75,000 in the Profit and Loss Account and a balance of * 15,000 in InvestmentFluctuation Fund. For this purpose, it was agreed that:(1) Goodwill of the firm was valued at 3,00,000.(ii) That investments (having a book value of 50,000) were valued at 35,000.(iii) That stock having a book value of 50,000 be depreciated by 10%.Pass the necessary Journal entries for the above in the books of the firm.(CBSE 2019)​

Answer 1

Answer:

Please refer to attached fig.

Explanation:

PLEASE RATE, THANK AND MARK AS BRAINLIEST.