Bankruptcy of the considerable number of accomplices

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Reference no: EM13906640

The following is the Balance Sheet of C, D and E as on 31st March, 2011

The firm was broken down because of bankruptcy of the considerable number of accomplices. Stock was sold for Rs. 1,09,000 while furniture brought Rs. 40,000. Rs. 41,000 were gotten from Debtors. Costs were Rs. 2,200. Nothing could be recouped from D and E however

Reference no: EM13906640

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