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need in 10 mints.. 8. On March 31,2022 Naseem and Rasheed decided to from a partnership under the name: Mehran Traders by merging their individual
need in 10 mints..
8. On March 31,2022 Naseem and Rasheed decided to from a partnership under the name: \"Mehran Traders\" by merging their individual businesses. On that day the agreed values of each item of Balance sheet were as under: Required: (i) Prepare entries in General journal of the firm to record the formation of Partnership. (ii) Prepare initial Balance sheet of the firm as on March 31, 2022Step by Step Solution
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