Question: QUESTION 3 E, C and G were in partnership sharing profits and losses in the ratio 3:2:1 respectively. A summary of the statement of financial

QUESTION 3 E, C and G were in partnership sharing profits and losses in the ratio 3:2:1 respectively. A summary of the statement of financial position of the partnership as at 30 September 2009 is as follows: GH GH Non-Current Assets 21,000 Capital and Liabilities: Current Assets 23.700 Capital: E 22,200 Bank Account 18,300 14.400 9,900 Loan Account C 6,000 Trade Payables 10.500 Total Assets 63.000 Capital & Liabilities 63.000 The partners decided to dissolve the firm as at their last accounting date. The asset realised GH61,480. You are required Close the books of the firm

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