The partners have always shared their profits in the ratios of Vantuira 3: Aparecida 2: Fraga 5.
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The partners have always shared their profits in the ratios of Vantuira 3: Aparecida 2: Fraga 5. They are to alter their profit ratios to Vantuira 4: Aparecida 1: Fraga 3. The last balance sheet before the change was:
The partners agree to bring in goodwill, being valued at £24,000 on the change.
Show the balance sheets on 1 April 20X3 after goodwill has been taken into account if:
(a) Goodwill account was opened.
(b) Goodwill account was not opened.
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Balance Sheet on 1 April 20X3 With Goodwill Account Opened Assets Amount Liabilities Amount Net Asse...View the full answer
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Related Book For 
Frank Woods Business Accounting Volume 1
ISBN: 9780273681496
10th Edition
Authors: Frank Wood, Alan Sangster
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