The first year 's profits before charging partners ' salaries amounted to 16,200 The profits of the five years preceding the amalgamation were A, and C, 9,070, 9,500, 10,850, 10,330 and 10,495 D and E, 4,120, 5,215, 6,125, 6,375 and 6,140 Prepare the Capital Account of each partner as at the end o...

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=+The first year's profits before charging partners' salaries amounted to 16,200. The profits of the five years

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=+The first year's profits before charging partners' salaries amounted to

£16,200. The profits of the five years preceding the amalgamation were:

A, Β and C, £9,070, £9,500, £10,850, £10,330 and £10,495. D and E,

£4,120, £5,215, £6,125, £6,375 and £6,140.

Prepare the Capital Account of each partner as at the end of the first year, assuming that all adjustments on Capital Account were passed through the new firm's books.

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Accounting Principles And Practice

ISBN: 9781483169354

1st Edition

Authors: S. Hall, N. Skene Smith

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Question Posted: Sep 02, 2024 04:01 AM

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=+The first year's profits before charging partners' salaries amounted to 16,200. The profits of the five years

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Accounting Principles And Practice

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