Question No 18 of TS Grewal (CBSE)
Nitin, Tarun and Amar are partners sharing profits equally and decide to share profits in the ratio of 2:2:1 w.e.f. 1st April. The extract of their Balance Sheet as at 31st March is a follow:
Liabilities | Rs. | Assets | Rs. |
Investments Fluctuations Reserve | 60,000 | Investments (At Cost) | 4,00,000 |
Pass the Journal entries in each of the following situations:
When its Market Value is not given;
When its Market Value is Rs. 4,00,000;
When its Market Value is Rs. 4,24,000;
When its Market Value is Rs. 3,70,000;
When its Market Value is Rs. 3,10,000.
Solution No 18 of TS Grewal (CBSE)
