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QUESTION
Taj, Ula and Valda decided to form a partnership on 1 April 2015. Taj and Ula dissolved their sole trader businesses and transferred the assets and...
of the partners.
Required:
Prepare journal entries (with narrations) in general journal form to account for the formation of the Taj, Ula and Valda Partnership
Prepare a balance sheet for the Taj, Ula and Valda Partnership as at 1 April 2015
