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Ahmed and Bashir formed a partnership called M/S AB Traders. Ahmed contributed Rs. 200,000 cash, Rs. 100,000 inventory, Rs. 140,000 equipment, Rs. 60,000 machinery, and Rs. 40,000 furniture. Bashir contributed Rs. 120,000 cash, Rs. 20,000 supplies, Rs. 50,000 inventory, Rs. 210,000 machinery, and Rs. 120,000 equipment. The question asks for journal entries to record the partners

Author

ramizrazaa813

Language

EN