A partnership has been dissolved and 315 000 is left in the bank. How should this be
Question:
A partnership has been dissolved and 315 000 is left in the bank.
How should this be distributed between the partners?
A. According to the last agreed balances on their capital accounts
B. According to the last agreed profit-sharing ratio
C. According to the last agreed total balances on their capital and current accounts
D. Equally
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D Equally EXPLANATION The 315 000 ...View the full answer
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Related Book For 
Accounting For Cambridge International AS And A Level
ISBN: 9780198399711
1st Edition
Authors: Jacqueline Halls Bryan, Peter Hailstone
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