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Saiyam 10,0respetively, Total of B/S of new firmAmount43.41. Prabhat and Sharad are partners in a fimm dividing profits in the ratio of 4151/5 respectively. The position of their business on 31-12-2017 was as followform of capital. (2) Value of furniture will be depreciated by 2% and Stock will be(1) Anil will have 1/2 share in the business, for which he will pay 17,500 in theappreciated by 6%. (3) Finally the capital accounts of the partners be adjusted in theAssetsAmountLlabilitiesCreditors12,000 FurnitureGeneral Reserve4,000 MachineryProfit and Loss Account 2,000 BuildingStockCapital -Prabhat9,000 DebtorsSharad1,500 Cash28,500On this day they admit Anil as their partner on the following conditions-10.502.000С Cc80A4,546)3,00050028,500proportion of Anil's Capital,Prepare Revaluation Account, Partners' Capital Accounts, Cash Account and the. |
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