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dissolve partnership S. Ahmed, Bola and Chukwu are sharing profits/losses in the ratio 2:2.1, decided to dissolve the partnership : 031/12/ with the Statement of
dissolve partnership
S. Ahmed, Bola and Chukwu are sharing profits/losses in the ratio 2:2.1, decided to dissolve the partnership : 031/12/ with the Statement of financial position (or Balance Shept) shown below: Ahmed, Bola \& Chulwin The partners were unable to sell the business as a going concern. They therefore disfosed the assets ser rately fo following amounts:- Equipment N775000; Motor Vehicle N120000; Inventories N72500. Trade receivable 1. lid in fu Trade Payables gave discount totaling N2500. Dissolution cost tolaled N20000. Required: Prepare the nceessary accounts to clase the books of the partnershipStep by Step Solution
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