=+9. •Up to 31st March, 1959, Henry, John and Kenneth had been trading in partnership and sharing profits in the respective proportions of 8, 7 and 5, and the firm's balance sheet drawn up as on that date was as follows:

£ £

5,500 4,100 26,600 10,700 Capital Accounts—

Henry £17,000 John 14,000 Kenneth 12,000 Creditors Bank Overdrawn 43,000 3,200 700

£46,900 Freehold Property Other Fixed Assets Stock Debtors

£46,900