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Adaeze Nwobu
Dec 27, 20222 min read
Practice Activity 11.13 Presenting the statement of financial position after the amalgamation of two
Practice Activity 11.13 Presenting the statement of financial position after the amalgamation of two sole proprietors’ businesses to...
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Adaeze Nwobu
Dec 27, 20221 min read
Practice Activity 11.12 Capital contribution of partners in a partnership’s statement of financial
Practice Activity 11.12 Capital contribution of partners in a partnership’s statement of financial position Akanchawa, Biakenechukwu and...
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Adaeze Nwobu
Dec 27, 20221 min read
Practice Activity 11.11 The partnership appropriation account
Peace, Progress and Unity are partners in Peace Progress Unity & Co., sharing profits or losses based on the ratio of 3:2:1,...
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Adaeze Nwobu
Dec 27, 20221 min read
Practice Activity 11.10 Posting of profits using the fixed capital accounts plus current accounts
The sharing profits or losses are very important in a partnership business. It is important for a partner to calculate his or her total...
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