Retirement 47
L, M and N were partners in a firm sharing profit & losses in the ratio of 2:2:3. On 31st March 2023, their Balance Sheet was as follows: Liabilities Amount ₹ Assets Amount ₹ Creditors 80,000 Land and Building 5,00,000 Bank overdraft 22,000 Machinery 2,50,000 Long term debts 2,00,000 Furniture 3,50,000 Capital Accounts: Investments 1,00,000 … Read more