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Chemistry, 10.08.2021 14:00 melissadelcid43

Q2. Sakina, Sanjana and Sakshi are partners in the firm ‘ SSS Stores’ sharing Profits and Losses in the ratio of 3:2:1 respectively.

On 31st March 2018, they decided to dissolve the firm when their Balance Sheet (10)

was as under.

Balance Sheets as on 31st March 2018.

Liabilities Amount



Assets Amount



Creditors 28,800 Building 1,02,000

Bills Payable 21,600 Machinery 73,000

Capital A/c’s Motor Car 1,67,600

Sakina 2,27,160 Goodwill 45,600

Sanjana 1,44,000 Investment 62,400

Sakshi 1,08,000 Debtors 30,600

Stock 45,000

Bank 3,360

5,29,560 ​

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