according to the joint Commission it is believed that ____ has accepted Jain religion
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Accumulated Profits X Y and Z are partners sharing profits in the ratio of 4:5:6. X retires. Y and Z decided to share future profits equally. On that date , there was a balance of $75,000 in general reserve and a balance of 30,000 in the profit and loss account of the firm. Record the necessary journal entry.
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