=+Question I (Based on ICAI, P2 Autumn 2000) Pop, Fizz and Bottle are in partnership as a
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=+Question I (Based on ICAI, P2 Autumn 2000)
Pop, Fizz and Bottle are in partnership as a soft drink distributor sharing profits in the ratio 5:3:2. The summarised balance sheet of the partnership as at 31 December 2000 is as follows:
Summarised Balance Sheet as at 31 December 2000
€'000 €'000 Non-current assets 120 Current assets Inventory Ws Receivables 68 Cash at bank. 125 225 345 Capital accounts Pop 160 Fizz 140 Bottle 20 Current liabilities Payables 25
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Related Book For 
International Financial Accounting And Reporting
ISBN: 9780903854726
2nd Edition
Authors: Ciaran Connolly
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