cnd share profits in the ratio …
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cnd share profits in the ratio of 7 is to 3 agreed there from d was appointed to realise the assets and he is to receive 5% commission on the amount realised from stock and debtors he is also the expenses of realisation their balance sheet does as liability side workmen compensation reserve 40,000 seas loan 20000 220000 capital capital account 4 lakh 2 lakh and Goodwill 50,000 stock 450000 letters 280000 fixtures 290000 and debtors Vellore good and stock was at 7:45 person realise
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