Question
Bill, Ace and Dennis Bud are partners in an urban restaurant called Salt. Profit for the year ended March 31,2017, is 120,000. A. Allocate the
Bill, Ace and Dennis Bud are partners in an urban restaurant called Salt. Profit for the year ended March 31,2017, is 120,000.
A. Allocate the income in the ratio of their initial capital. Bills capital is 30,000, Ace brought 30,000 and Dennis brought 40,000 to the business in the beginning
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CAT Paper 8 Implementing Audit Procedures
Authors: BPP Professional Education
1st Edition
0751723126, 978-0751723120
