20. Ankur and Vikram were partners sharing Profits & Losses in the ratio 3:2. They decided to share future Profits & Losses equally. On the date of reconstitution there was Investment Fluctuation Reserve of Rs 4,00,000 in the books of accounts. Pass entries in the following cases
A. Value of Investment reduced by Rs 2,50,000.
B. Value of Investment increased by Rs 5,00,000.
C. There was no change in value of investments.
Solution :-
