14.Give the Journal entry to distribute 'Investment Fluctuation Reserve' of Rs 40,000 at the time of admission of Sachin, when Investment (market value Rs 1,90,000) appears at Rs 2,00,000 in the books of the firm. The firm has two partners Sunil and Dalip.

Dear student 



Here as profit sharing  ratio and capitals are also not given therefore reserve is distribution equally.


Regards

  • 2
What are you looking for?