Question No 17 of TS Grewal (CBSE)

A, B and C who are sharing profits and losses in the ratio of 5:3:2 decide to share profits in the ratio of 2:3:5. Give the journal entry to distribute Investments Fluctuation Reserve’ of Rs. 20,000 at the time of change in profit- sharing ratio, when investment (market Value Rs. 95,000) appears in the books at Rs. 1,00,000.

Solution No 17 of TS Grewal (CBSE)

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