Catting, Gower and Gooch are in partnership, sharing profits and losses in the ratio 3:2:1 respectively. On

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Catting, Gower and Gooch are in partnership, sharing profits and losses in the ratio 3:2:1 respectively. On 1 January the balance of their capital accounts were: Catting £25,000, Gower £30,000, Gooch

£10,000. The following figures came out of the firm's accounts for the year ended 31 December.

Catting took out £1,000 of his capital on 1 January; on 30 June Gooch increased his capital investment to £12,000. LO.1

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Mastering Accounting

ISBN: 9780333511978

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Authors: George Bright, Michael Herbert

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Question Posted: Jul 02, 2024 09:02 AM

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Catting, Gower and Gooch are in partnership, sharing profits and losses in the ratio 3:2:1 respectively. On

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Mastering Accounting

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