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A, B and C were partners sharing profits in the ratio of 5:3:2. On 31st March, 2016, A’s Capital an B’s Capital were Rs.30,000 and Rs.20,000 respectively but C owed Rs.5,000 to the firm. The liabilities were Rs.20,000. The assets of the firm realized Rs.50,000. Prepare Realisation Account, Partners’ Capital Accounts and Bank Account.

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