Nickleby, Copperfield and Drood have traded as equal partners for many years, making up accounts to 31
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Nickleby, Copperfield and Drood have traded as equal partners for many years, making up accounts to 31 December each year. As from 1 April 2020 they agree to share profits in the ratio 1:2:2. The adjusted trading profit for the year to 31 December 2020 is £183,000. Show how this profit is allocated between the partners.
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1120 31320 183000 x 312 45750 1420 311220 ...View the full answer
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