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X and Y are partners in firm sharing profits in the ratio of 3: 2. They admitted Z as a new partner and fixed

X and Y are partners in firm sharing profits in the ratio of 3: 2. They admitted Z as a new partner and fixed the new profit-sharing ratio as 3: 2: 1. At time of admission of Z, Debtors and Provision for Doubtful Debts appeared at Rs.50, 000 and Rs.5, 000 respectively All debtors are good. Pass the necessary Journal entries.

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