A, B and C were partners in a firm sharing profits and losses in the ratio of
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A, B and C were partners in a firm sharing profits and losses in the ratio of 5 : 3 : 2. On 31.3.2017, their Balance Sheet was as follows:
The firm was dissolved on 1.4.2017. The assets realised were as follows (all figures in ₹) :
Cash received was paid to the rightful claimants at the end of each month. Prepare the statement showing the distribution of cash.
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The statement showing the distribution of cash Date Amount received Paid to Balance April 30 12000 C...View the full answer
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Related Book For 
Financial Accounting Volume II
ISBN: 9789387886230
4th Edition
Authors: Mohamed Hanif, Amitabha Mukherjee
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