Bat, Cat and Rat were partners sharing profits and losses in the ratio 5:3:2. Cat retired and on that date there was a balance of Investment of ₹4,00,000 and Investment Fluctuation Reserve of ₹1,00,000 was appearing in the balance sheet. 

Pass necessary journal entries for Investment Fluctuation reserve in the following cases. 

(i) Market Value of Investments was ₹4,80,000. 

(ii) Market Value of Investments was ₹3,80,000. 

(iii) Market Value of Investments was ₹2,90,000 

Mark-3, CBSE: 2024-25/Sample/Q-20