Splitting one company to two

Dear Seniors,

I am working as an accountant in a manufacturing company.  This is a partnership company having two seperate units.  Now the partners want to split this company , ie two seperate units and to maintain accounts seperately showing seperate profit & loss a/c.  The machineries and other fixed assets presently available in both units will become property of those units.  Now the management wants to share the balance funds available after considering, stock available, receivables and payables, loan, cash and bank balance.  Request to advise me how to do this.

Thanks

sasi