Retirement 40
X, Y and Z were partners in a firm sharing profits and losses in the ratio of 5:3:2. Their Balance Sheet as at 31st March, 2020 was as follows: Balance Sheet of X, Y and Z as at 31st March, 2020 Liabilities Amount ₹ Assets Amount ₹ Creditors 66,500 Land 3,00,000 Bills Payable 10,000 Furniture … Read more