Question: solve it quickly Case Study 1 Partnership Mary and Natalie have been trading for many years sharing profits equally On 1 January 2020 Mary retired

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Case Study 1 Partnership Mary and Natalie have been trading for many years sharing profits equally On 1 January 2020 Mary retired and Oliver joined the partnership Natalie and Oliver share profits in the ratio of 21. Although the partnership had previously been profitable, it made a loss of 24,000 for the year to 31 March 2020 The partnership is expect to be profitable in the future Calculate the loss accruing to each partner for 2019/20 and explain in detail of partner's what reliefs are available Case Study 1 Partnership Mary and Natalie have been trading for many years sharing profits equally On 1 January 2020 Mary retired and Oliver joined the partnership Natalie and Oliver share profits in the ratio of 21. Although the partnership had previously been profitable, it made a loss of 24,000 for the year to 31 March 2020 The partnership is expect to be profitable in the future Calculate the loss accruing to each partner for 2019/20 and explain in detail of partner's what reliefs are available

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