A and B are partner sharing …
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A and B are partner sharing profit in ratio of 2:3their balance sheet shows machinery at 200000 stock 80000. and debtor at 160000 C admited and new profit sharing ratio is agreed at 6:9:5 machinery is revalued at 140000 and a provision is made for doubtful debt @5%A's share in loss on revaluation amounted to 20000 revalued value of stock will be
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