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Ali & Ahmad Co. consisting of two partners Mr. Ali and Mr. Ahmad who acts as auditors of Shafee group. Ali & Ahmed splits up and, by mutual agreement Mr. Ali continues the practice in the name of Ali & Ahmad Co. while Mr. Ahmad starts his practice as Ahmad & Co”
Required:
Keeping in view the above situation answer the following questions:
Your answer must be confined in two to three lines. Avoid including extra material for answering. Just provide to the point answer for requirements.
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