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Q79.X and Y are partners sharing profits and losses in the ratio of 3/4 and 1/4. Their Balance Sheet as at 31st March, 2019 is:
Land and Building
Workmen Compensation Reserve
Cash at Bank
Cash in Hand
They admit Z into partnership on 1st April, 2019 on the following terms:
You are required to show Revaluation Account, Partners' Capital Accounts and Balance Sheet of the new firm.
By: Aman ProfileResourcesReport error
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