=+Question 3 (Based on ICAI, P2 Summer 1999) Redcar, Pontefract and Haydock are in partnership sharing
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=+Question 3 (Based on ICAI, P2 Summer 1999) \
Redcar, Pontefract and Haydock are in partnership sharing profits 5:3:2. The year end of the partnership is 31 December. On 31 December 1998, Haydock retires from the partnership. The summarised balance sheet of the partnership at that date is as follows:
Redcar, Pontefract & Haydock Balance Sheet as at 31 December 1998
€°000 €°000 Non-current assets 120 Current assets si 50 Bank 10 yes 60 180 Capital accounts ace Redcar 80 Pontefract 40 Haydock 20 140 Current liabilities Os 40 180 The following additional information is available:
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Related Book For 
International Financial Accounting And Reporting
ISBN: 9780903854726
2nd Edition
Authors: Ciaran Connolly
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