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RETIREMENT OF PARTNER
Accountancy
B and C agreed, as between themselves, to continue the business, sharing profits in the ratio of 3:2 and decided to retain the fixtures on the books at the revised value, and to increase the provision for doubtful debts to 6%. PARTNER CAPITAL A/C------DR TO B CAPTIAL A/C TO C CAPITAL A/C IS THIS THE CORRECT ENTRY FOR THE ABOVE ADJUSTMENT??
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