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he everyone till now we have covered the whole partnership accounting in just 100 minutes and we have also solved problems on partnership admission and retirement of a partner so with these five easy steps that we have gone through inner session on dissolution of partnership lets solve a problem and this problem well have some twists and turns which will help us to solve some more such problems easily and quickly so now without a further ado lets begin with the question we have and see whether really it can be solved in these five easy steps first lets read and go through the questions carefully mr. Alex and mr. Jackson are equal partners whose balance sheet as on 31st march two thousand sixteen was as follows you do that weak financial position partners decided to dissolve their form mr. Alex and mr. Jackson were declared insolvent the assets realized are as follows we are required to prepare necessary ledger accounts to close the books of the form now after understanding the que