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Given below is the Balance Sheet of A and B, who are carrying on partnership business on 31st March, 2019. A and B share profits and losses in the ratio of 2 : 1.
BALANCE SHEET OF A AND B
as at 31st March, 2019
C is admitted as a partner on 1st April, 2019 on the following terms:
Pass the necessary Journal entries, prepare the Revaluation Account and Partners' Capital Accounts, and show the Balance Sheet after the admission of C.
By: NIHARIKA WALIA ProfileResourcesReport error
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