Amis, Lodge and Pym were in partnership sharing profits and losses in the ratio 5:3:2. The following trial balance has been extracted from their books of account as at 31 March 19X8:

Required:

(a) Prepare:
(2) ae Lodge’s and Pym’s trading, profit and loss and profit and loss appropriation account for the year to 31 March 19X8;
(ii) Amis’, Lodge’s and Pym’s current accounts (in columnar format) for the year to 31 March 19X8 (the final balance on each account is to be then transferred to each partner’s respective capital account);
and

(b) Compile the following accounts:
(i) the partnership realisation account for the period up to and including 1 April 19X8;
(ii) the partners’ bank account for the period up to and including 1 April 19X8; and (ii) the partners’ capital accounts (in columnar format) for the period up to and including 1 April 19X8.

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42 Bank interest received Capital accounts (as at 1 April 19X7): 750 Amis Lodge Pym Carriage inwards Carriage outwards 80,000 15,000 5,000 4,000 12,000 Cash at bank Current accounts: Amis Lodge Pym Discounts allowed Discounts received Drawings: Amis 4,900 1,000 500 400 10,000 4,530 25,000 Lodge 22,000 Pym 15,000 Motor vehicles: at cost 80,000 accumulated depreciation (at 1 April 19X7) 20,000 Office expenses 30,400 Plant and machinery: at cost 100,000 accumulated depreciation (at 1 April 19X7) 36,600 Provision for bad and doubtful debts (at 1 April 19X7) 420 Purchases 225,000 Rent, rates, heat and light 8,800 Sales Stock (at 1 April 19X7) Trade creditors. Trade debtors 404,500 30,000 16,500 14,300 583,300 583,300