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Rita and Paul share profits and losses in the ratio 3:2. At the beginning of the year, their capital balances were 120,000 and 80,000 respectively.

  • Rita and Paul share profits and losses in the ratio 3:2. At the beginning of the year, their capital balances were ₹120,000 and ₹80,000 respectively. The net profit for the year is ₹60,000. Calculate their ending capital balances assuming they withdrew ₹10,000 and ₹5,000 respectively during the year.

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