Proudie, Slope and Thorne were in partnership sharing profits and losses in the ratio 3 1 1 The draft balance sheet of the partnership as at 31 May 19 6 is shown below 000 000 000 Cost Depreciation Net Book Value Fixed assets Land and buildings 200 40 160 Furniture 30 18 12 Motor vehicles 60 40 20 ...

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Proudie, Slope and Thorne were in partnership sharing profits and losses in the ratio 3:1:1. The draft

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Proudie, Slope and Thorne were in partnership sharing profits and losses in the ratio 3:1:1. The draft balance sheet of the partnership as at 31 May 19_6 is shown below:

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Accounting Costing And Management

ISBN: 9780198328230

2nd Edition

Authors: Riad Izhar, Janet Hontoir

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Question Posted: Jun 24, 2024 02:05 AM

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Proudie, Slope and Thorne were in partnership sharing profits and losses in the ratio 3:1:1. The draft

Question:

000 000 000 Cost Depreciation Net Book Value Fixed assets Land and buildings 200 40 160 Furniture 30 18 12 Motor vehicles 60 40 20 290 98 192 Current assets Stocks Trade debtors Less: Provision for doubtful debts Prepayments Cash 23 42 12 41 2 10 76

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Accounting Costing And Management

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