Question: (a)Practically demonstrate along side with figures, how Extraordinary Items will affect the Income Statement Preparation (b)Practically demonstrate how a parner with a debit balance on

(a)Practically demonstrate along side with figures, how Extraordinary Items will affect the Income Statement Preparation

(b)Practically demonstrate how a parner with a debit balance on a partnership Capital account could affect the share of profit

(c)Using a practical example with figures, explain the concept and treatment of Goodwill written off in the financial statement

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