Fac 1601 vol 2 - Study guides, Class notes & Summaries

FAC 1601 About Financial Accounting Vol 2 . Example 2.1 Specialised ledger accounts used when recording transactions between the partners and the partnership On 21 February 20.5, A Apple and P Pie decided to form a partnership trading as Applepie Furniture and Fittings. The partnership will commence trading on 1 March 20.5 and both partners will be actively involved in the partnership. Apple and Pie accordingly drew up the partnership agreement stipulating the following: 1. Apple will cont...