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Part 8 e Partnership accounts and company accounts 32.12A Bush, Home and Wilson share profits and losses in the ratios 4:1:3 respectivelubalance as at 30
Part 8 e Partnership accounts and company accounts 32.12A Bush, Home and Wilson share profits and losses in the ratios 4:1:3 respectivelubalance as at 30 April 2020 was as follows: 494,100 Draw up a set of financial statements for the year ending 30 April 2020. The following notes are relevant at 30 April 2020: (i) Inventory 30 April 2020, 674,223. (ii) Business rates in advance f200; Inventory of postage stamps f68. (iii) Increase Allowance for doubtful debts to f1,400. (iv) Salaries: Home f18,000; Wilson f14,000. Not yet recorded. (v) Interest on Drawings: Bush f300; Home f200; Wilson f240. (vi) Interest on Capitals at 8 per cent. (vii) Depreciate Computers 2,800; Office equipment f1,100
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