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Question 1 Pablo and Brown were in partnership sharing profits and losses in the ratio 5:3: The balance sheet for the partnership on 31 March
Question 1 Pablo and Brown were in partnership sharing profits and losses in the ratio 5:3: The balance sheet for the partnership on 31 March 2022 was as follows: Additional Information the Freehold premises were sold for $192000, and Brown took over the car at an agreed valuation of $32000. The stocks were sold for $24000, the debtors realized $54000, and the creditors were paid in full. Expenses of realization amounted to $2400 Prepare the following ledger accounts for the dissolution of the partnership a. The Realization account b. The bank Account c. The partner's capital account
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