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    ?and C were partners in a firm having capitals of Rs. 60 000 Rs. 60 000 and Rs. 80 000 respectively. Their current account balances were A- Rs. 10 000 B- Rs. 5000 and C- Rs. 2000 Dr.. According to the partnership deed the partners were entitled to an interest on capital @ 5% p.a. C being the working partner was also entitled to a salary of Rs. 6 000 p. a. The profits were to be divided as follows:?i The first Rs. 20 000 in proportion to their capitals.?ii Next Rs. 30 000 in the ratio of 5:3:2.?iii Remaining profits to be shared equally.? During the year the firm made a profit of Rs. 1 56 000 before charging any of the above items.? Prepare the profit and loss appropriate on A/C
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    debate competition on ?It is important to guard Indian culture in the mess of global cultures today? has been hosted by your school. You are Anil/Anita, participating. Write a debate in favor or against this topic so that your man oeuvre is well tested and acclaimed by the audience. (Word limit: 150-200 words)
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    Taxation is an effective tool to reduce the inequalities of income."

    Justify the given statement with valid reasons.
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