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X and y are partners sharing …

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X and y are partners sharing profits in the ratio of 2 : 1 the under mentioned trial balance was extracted from their books as at 31 March 2017 X capital 320000 Y capital 240000 X drawings 40000 Y drawings 32000 stock first April 2016 45200 purchase 868000 sales 1245000 debtor 152000 creditors 48000 buildings 6 lakh
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