A and B share profits and losses in the ratio 2:1. Profit on realisation is $24000; balance
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A and B share profits and losses in the ratio 2:1. Profit on realisation is $24000; balance at bank is $9000. Explain how the profit and bank balance are shared between A and B.
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In a partnership the sharing of profits and losses is based on the agreedupon ratio betw...View the full answer
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Related Book For 
Cambridge International AS And A Level Accounting
ISBN: 9781444181432
1st Edition
Authors: Ian Harrison
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