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Prepare a trading and profit and loss account

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Reference no: EM131536639

Question: Duck and Swan are equal partners carrying on a retail business at Poole and a branch at Pond. The balances on the books at 31st March, 1962, were:

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The difference on Current Accounts is due to Goods and Cash in Transit. Prepare a Trading and Profit & Loss Account and Balance Sheet (Depreciation-Premises 2%: Fixtures and Fittings 5%).

Reference no: EM131536639

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