2 marksPartnership Financial Statements and Current Accounts

CSEC Principles of Accounts · January 2013 · Paper 2 · Question 2(c)

Share the profit of the business between Threaker and Waitley as if there was no partnership agreement.

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2(a)Prepare the partnership Profit and Loss Appropriation Account for the year ended 31 December 2012.[8 marks]
2(b)Prepare Current Accounts for the partnership as at 31 December 2012.[10 marks]

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