Question:

The value of stock in hand had been inflated by B(one of the partners among A,B and C) by 5000 bucks to cover

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to cover goods (at cost price) removed and sold by him personally for 4000 bucks.The partners agreed that the stock should have realized 6000 bucks. The stock on the year end was valued at 35750.

This was an adjustment in DISSOLUTION of PARTNERSHIP. Please help me in understanding it. I have not even understood the concept of it. Please explain.

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  1. hi

    no body will understand

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