Admission 70
A and B were partners in a firm sharing profits and losses in the ratio of 3: 1. On 31.03.2022, their Balance Sheet was as follows: Balance Sheet of A and B as at 31st March, 2022 Liabilities Amount ₹ Assets Amount ₹ Outstanding Expenses 3,000 Bank 40,000 Bills Payable 20,000 Stock 60,000 Sundry Creditors … Read more