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.A, B and C are partners sharing profits and losses in the ratio of 3 : 2 : 1 respectively. Their Balance Sheet as at 31st March, 2019 is as follows:
Land and Building
D is admitted as a partner on 1st April, 2019 for equal share. His capital is to be 50,000. Following adjustments are agreed on D's admission:
Prepare necessary Ledger Accounts and Balance Sheet after D's admission
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