=+ (b) Peele is to be credited with a partnership salary of 750 per annum. (c) The

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(b) Peele is to be credited with a partnership salary of £750 per annum.

(c) The balance of profit in any year is to be shared equally by the partners.

After preparing their Trading and Profit & Loss Account for the year ended 31st March, 1960, but before making any provision for Interest on Capital or for Peele's partnership salary, the following balances remained on the books:

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Accounting Principles And Practice

ISBN: 9781483169354

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Authors: S. Hall, N. Skene Smith

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=+ (b) Peele is to be credited with a partnership salary of 750 per annum. (c) The

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Accounting Principles And Practice

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