=+36. ACCOUNTING FOR PARTNERSHIPS 787 Question 4 (Based on ICAI, P2 Summer 2000) BECKHAM and ADAMS are

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=+36. ACCOUNTING FOR PARTNERSHIPS 787 Question 4 (Based on ICAI, P2 Summer 2000)

BECKHAM and ADAMS are in partnership sharing profits in the ratio of 5:3. NOO- NAN and NORTON are in partnership in a similar business sharing profits in the ratio of 5:4. It is decided that the two partnerships should amalgamate to form one firm AB&N.

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