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On 31st March, 2017, the Balance Sheet of Abhir and Divya, who were sharing profits in the ratio of 3 : 1 was as follows:
They decided to admit Vibhor on 1st April, 2017 for 1/5th share.
Prepare Revaluation Account, Partners' Capital Accounts and the Balance Sheet of the reconstituted firm.
By: NIHARIKA WALIA ProfileResourcesReport error
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