A, B and C sharing profits and losses in the ratio of 4 : 3 : 2, decide to admit D as a
Channel: Doubtnut
Date: 29/03/2020

A, B and C sharing profits and losses in the ratio of 4 : 3 : 2, decide to admit D as a new partner with effect from 1st April, 2019. An extract of their Balance Sheet as at 31st March, 2019 is: Show the accounting treatment of Investment Fluctuation Reserve under the following alternative cases: Case 1. If there is no other information. Case 2. If the market value of Investment is RS.2,00,000. Case 3. If the market value of Investment is RS.1,91,000. Case 4. If the market value of Investment is RS.1,73,000. Case. 5 If the market value of Investment is RS.2,18,000.