The following list of balances as at 30 September 2009 has been extracted from the books of Brick and Stone, trading partnership, sharing the balance of...

      

The following list of balances as at 30 September 2009 has been extracted from the books of
Brick and Stone, trading partnership, sharing the balance of profits and losses in the proportions
3:2 respectively.

Required:
(a) Prepare a trading and profit loss account for the year ended 30 September 2009.
(b) Prepare a balance sheet as at 30 September 2009 which should include summaries of the
partners’ capital and current accounts for the year ended on that date.
Note: In both (a) and (b) vertical forms of presentation should be used.

  

Answers

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Titany answered the question on December 10, 2021 at 11:44

Next: The statements of financial position of H Ltd, S Ltd, A Ltd, J Ltd and B Ltd as at 31 October 2009 are as follows:
Previous: Define the term goodwill

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