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A and B were partners in …

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A and B were partners in a business sharing profits and losses in the ratio of 3 : They decided to dissolve the partnership on March 31 2003 .On that date their capitals stood at ₹1 00 000 and ₹50 000 respectively.Amount owing by 1 to the firm was ₹42 000 and the amount owed by the firm to B was 715 000 ; Creditors were $25 000 and Cash ₹5 000 The assets other than the amount owing by A to the life release ₹64 000 .The expenses of realisation amounted to ₹1 000 . Prepare the Memorandum Balance Sheet of the firm immediately prior to dissolution and necessary ledger accounts to close the books of the firm.

Posted by Manish Jha 5 years, 5 months ago

CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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Posted by Palak Sharma 1 year, 5 months ago

CBSE > Class 12 > Accountancy

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Posted by Srishti Arya 1 year, 2 months ago

CBSE > Class 12 > Accountancy

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