Question
Before Manny went into a Sole Proprietorship, he was in Partnership with Papa who decided to venture into fish farming, the following is their Liquidation
Before Manny went into a Sole Proprietorship, he was in Partnership with Papa who decided to venture into fish farming, the following is their Liquidation information
Cash k100, 000
Non- Cash Assts k1, 000,000
Non- Cash Assets Sales k600, 000
Liabilities k200, 000
Mannys Capital k400, 000
Papas Capital k500, 000
Income and Losses are shared equally
Required: Prepare the statement of Partnership Liquidation (4 MARKS)
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Communication Audit In Globally Integrated R And D Project Teams
Authors: Justyna Alnajjar
1st Edition
3631666608, 978-3631666609
