=+(5) On retirement, any balance remaining on Davids capital account will be converted into a loan. Requirement
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=+(5) On retirement, any balance remaining on David’s capital account will be converted into a loan.
Requirement Prepare each of the following:
(a) The partner’s amended capital accounts as at 31 December 2002; and
(b) The amended balance sheet for the new partnership as at 31 December 2002.
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Related Book For 
International Financial Accounting And Reporting
ISBN: 9780903854726
2nd Edition
Authors: Ciaran Connolly
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