=+The balances in the books at 30th June, 1959, before making the necessary transfers to partners' capital accounts for the year ended on that date, were as follows:

Dr. Cr.

£ £

Capital Accounts: X 4,550 Y 2,890 1,060 Loan Account: X 1,000 Goodwill 2,600 Plant and Machinery 3,100 Motor Vehicles 650 Furniture and Fittings 150 Stock 2,700 Sales Ledger Control Account 3,200 Bought Ledger Control Account 4,200 Reserve for Bad Debts 200 Cash at Bank 2,700 Profit & Loss Account (before charging partners' salaries) 1,200