12.3 Dodson and Fogg began trading in equal partnership on 1 July 2006. On 1 July 2007,...
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12.3 Dodson and Fogg began trading in equal partnership on 1 July 2006. On 1 July 2007, they admitted Jackson as a partner and agreed to share profits in the ratio 5:4:1. The adjusted trading profits of the partnership are:
£
year to 30 June 2007 17,000 year to 30 June 2008 22,000 year to 30 June 2009 29,000 Compute each partner's trading income for 2006-07 through to 2009-10.
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