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Complete the following table, indicating with a tick () where each iterrm appears Income statement Balance sheet Trading account Profit and loss Account Net profit
Complete the following table, indicating with a tick () where each iterrm appears Income statement Balance sheet Trading account Profit and loss Account Net profit Closing stock Rent Furniture Sales & Sales returns Purchases Opening stock Gross profit Capital & Drawings Bills payables Omar and Rabee are partners sharing profits and losses in the ratio of 1:5. They admit Saleem for a seventh share. Calculate the new ratio and sacrificing ratio Page 3 of 5
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