=+7. Some years ago, John and George combined thek separate businesses in Oxtown and Camley into a
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=+7. Some years ago, John and George combined thek separate businesses in Oxtown and Camley into a partnership. The following abbreviated Trial Balances were extracted from the books of the two branches at 31st October, 1961:
Oxtown Camley Dr. Cr. Dr. Cr.
£ £ £ £
Capital —John 16,418 George 14,719 Drawings—John 1,960 George 1,500 Premises 5,710 4,672 Debtors 2,315 3,116 Sales 48,394 46,218 Cost of Sales 34,318 30,927 Expenses 6,053 7,194 Stock 4,816 5,320 Branch Current Accounts 13,600 8,600 Sundry Creditors 4,197 1,324 Cash at Bank 237 18,132
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