1.

A, B and C sharing profits and losses in the ratio of 4: 3:2, decide to share future profits and losses in the ratio of 2: 3:4 with effect from 1st April, 2020. An extract of their BalanceSheet as at 31st March, 2020 is:Show the accounting treatment under the following alternative cases:Case 1. When there is no other information.Case 2. When market value of investments is 2,00,000.Case 3. When market value of investments is 1,91,000.Case 4. When market value of investments is 2,18,000.Case 5. When market value of investments is ? 1,73,000.​

Answer»

Answer:

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EXPLANATION:

the FOLLOWING YEAR we were ABLE we had



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