Q22. P,Q,R are partners sharing profits and losses in the ratio of 3:2:1, decided to share future
profits and losses equally from 1st April, 2018. Following is an extract of their Balance sheet as at
31st March, 2018: (3)
Liabilities
Investment Fluctuation
Reserve
Amount(Rs.)
60,000
Assets
Investment(at cost)
Amount(Rs.)
10,00,000
Show the accounting treatment if the market value of Investments is Rs.10,12,000.
Answers
Answered by
3
Explanation:
This is the answer i just did rough for your information
Attachments:
Similar questions