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Why we cannot record cash and bank balance in new or revised balance sheet
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siva chaitanya
CA Foundation
★ 1K+
17-Feb-21 17:51
21
Answers (1)
it means -50% of amount due to L paid off in cash -balance50% due to L is treated as the capital of N (New Partner )
manasa preeshma
CA Inter
★ 825
17-Feb-21 21:22
