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X and Y are patners Liability: …

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X and Y are patners Liability: capital of x 150000,capital of y 100000,current of x 40000,current of y 30000,creditors130000, bills payable 50000 Assets:land and building 150000,plant and machinery 100000,furniture and fittings 25000,stock75000, debtors 75000 less provision for doubtful debts 5000,bills receivable 30000,bank50000
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