A and B are partners in …

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A and B are partners in a firm sharing profit and loss in the ratio of 3:2 on 1st April 2019 they decided to admit C their new ratio to decide equal,pass the necessary entry to distribute investment fluctuation reserve of 60000 at the time of C's admission when investment appear in the books at 2,10,000 and its market value is 1,90,000
Posted by Hardik Kumar 5 years, 9 months ago
- 3 answers
Shalini . 5 years, 9 months ago
IFR a/c. ....dr. ₹40,000
......To A's Cap. .....₹24,000
......To B's Cap. ....₹16,000
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Chenna Gill 5 years, 9 months ago
0Thank You