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Commerce
Accounting
Difficulty: Medium
Arrange the following steps of 'adjustment of old partners' capital on the basis of incoming partner's capital in a correct order. 1. Ascertain the present capital of the old partners. 2. Calculation of total capital of firm on the basis of new partner's capital. 3. Finding the surplus/deficit capital. 4. Determining the new capital of each partner. Select the correct answer:
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