Qns 9 A,B and Care partners in a firm haring profit in the ra o of 2:1:1 with the effect from 1"
April they change their profit sharing ra o into 1:1:1
Liabilities
Investment fluctua on reserve 50000
Assets
investment 500000
(0
(10)
Market value of investment is Rs 490000
Market value of investment is Rs 440000
Market value of investment is Rs 600000
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Explanation:
Qns 9 A,B and Care partners in a firm haring profit in the ra o of 2:1:1 with the effect from 1"
April they change their profit sharing ra o into 1:1:1
Liabilities
Investment fluctua on reserve 50000
Assets
investment 500000
(0
(10)
Market value of invnt is Rs 490000
Market value of investment is Rs 440000
Market value of investment is Rs 600000
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