Admission 59
W and R are partners in a firm sharing profits in the ratio of 3 : 2. Their Balance Sheet as on 31st March, 2016 was as follows : Balance Sheet of W and R as on 31-3-2016 Liabilities Amount (Rs.) Assets Amount (Rs.) Sundry Creditors 20,000 Cash 12,000 Provision for Bad Debts 2,000 Debtors … Read more