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:
![562_Head office.png](https://secure.tutorsglobe.com/CMSImages/562_Head office.png)
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%).