Madhuri and Arsh were partners in …
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Madhuri and Arsh were partners in a firm sharing profits and losses in the ratio of 3 : 1. Their Balance Sheet as at 31st March, 2019, was as follows :
Liabilities Amount Assets Amount
Capitals : Machinery 4,70,000
Madhuri 3,00,000 Investments 1,10,000
Arsh 2,00,000 5,00,000 Debtors 1,20,000
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