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Hugo, Candice, and John are partners in an office cleaning service, trading as SaniHygiene, and they share profits and losses in the ratio 1:3:2 respectively.
Hugo, Candice, and John are partners in an office cleaning service, trading as SaniHygiene, and they share profits and losses in the ratio 1:3:2 respectively. They have decided to liquidate the partnership and have agreed to accept the most favourable offers received for the assets of the partnership. They planned to liquidate the partnership simultaneously on 31 May 2023. Before the liquidation entries were made, an extract of the trial balance of the partnership was as follows: On 31
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