Solved: Duck and swan are equal partners carrying on a retail, Accounting Basics

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Duck and swan are equal partners carrying on a retail

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%).

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Accounting Basics: Duck and swan are equal partners carrying on a retail

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Accounting Basics: Duck and swan are equal partners carrying on a retail

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