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Assume that Mohammed decided to leave the partnership. His capital balance OMR80,000. At that time his capital has been credited by OMR15,000 for his

 

Assume that Mohammed decided to leave the partnership. His capital balance OMR80,000. At that time his capital has been credited by OMR15,000 for his share of goodwill and debited by 1,500 due to loss on revaluation. Partners decided to pay cash for his capital. What will be the journal entries at the time of withdrawal?

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