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, 2024.
The extract of their Balance Sheet as at 31st March, 2023 is as follows:
| Liabilities | ₹ | Assets | ₹ |
| Investment Fluctuation Reserve | 60,000 | Investments (At Cost) | 4,00,000 |
Solution:-
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