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Alue Parthiv and Priya are the partners of a partnership firm. From the Trial balance dated 31-3-2017and adjustments, prepare final accounts of a partnership firm.Trial Balance of Partnership Firm of Parthiv and Priya as on 31-3-2017Debit BalancesAmt. (3)Credit BalancesAmt. ()Drawings : Parthiv4800 Capital Accounts : Parthiv24,000Priya3200Priya16,0001,06,000 Sales200.000*Net cost of purchaseStock of goods (31-3-17)30.00028,000 Payables48,000 Goods distribute as sampleReceivables2000Wages-salary10,000 Bank overdraft14,000Trading expense16,000Building50,000Furniture-fittings10,000Office equipments40004000Packing material stockCash balance20002,86,0002,86,00*Note : Net cost of purchase means adjusted purchaseAdjustments |
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Answer» I didn't UNDERSTAND the QUESTION |
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