Change In Profit Sharing Ratio- Treatment of Investment Fluctuation Reserve Class 12 Accounts Part-8

Change In Profit Sharing Ratio- Treatment of Investment Fluctuation Reserve Class 12 Accounts Part-8 Session 2024-25 Instagram Link : https://www.instagram.com/manojsharma... A, B and C sharing profits and losses in the ratio of 4: 3:2, decide to share profits and losses in the ratio of 2:3:4 with effect from 1st April, 2021. Following is an extract of their Balance Sheet as at 31st March, 2021: Liabilitie Investment Fluctuation Reserve ₹ 54,000 Assets Investments (At Cost) ₹ 6,00,000 Show the accounting treatment under the following alternative cases : Case (i) If there is no other information. Case (ii) If the market value of Investments is ₹6,00,000. Case (iii) If the market value of Investments is ₹5,91,000. Case (iv) If the market value of Investments is ₹5,28,000. Case (v) If the market value of Investments is ₹6,60,000. #msacademyaccounts #ifr #psr #accountancy #accounts #class12accounts