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P.Q and R sharing profits and losses in the ratio of 3:2:1, decide to share profitsand losses equally with effect from 1st April, 2017. Following is an extract of theirBalance Sheet as at 31st March, 2017:LiabilitiesInvestment Fluctuation Reserve₹ 30,000AssetsInvestments (At Cost)₹ 5,00,000Show the accounting treatment under the following alternative cases :Case (1) If there is no other information.Case (ii) If the market value of Investments is 75,00,000.Case (iii) If the market value of Investments is 34,88,000. |
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Answer» answer of the QUESTION is 183628 |
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