Vantuira, Aparecida and Fraga are in partnership. They have always shared their profits in the ratios of
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Vantuira, Aparecida and Fraga are in partnership. They 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 sheet on 1 April 2024 after goodwill has been taken into account if:
(a) Goodwill account was opened.
(b) Goodwill account was not opened.
Transcribed Image Text:
Balance Sheet as at 31 March 2024 Net Assets (not including goodwill) Capitals: Vantuira Aparecida Fraga 100,000 100,000 30,000 20,000 50,000 100,000
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a Goodwill Other assets Balance Sheet as at 31 March 20...View the full answer
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Related Book For
Frank Woods Business Accounting An Introduction To Financial Accounting
ISBN: 9781292365435
15th Edition
Authors: Alan Sangster, Lewis Gordon, Frank Wood
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