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10:55 < Shabana Ou.. Section B Partners hips Question 2 .rce 2.35 Pkr 43 Marks Study the scenario and complete the questions that follow: and Partnership relates to Of T J 31 2009; Captal: T Owen Capital: J Sambi T (l January 2009) Current account: J Sambi (I Januy 2009) Drawings: T Owen Drawings : J Sambi Profit for the year The states the %lbwing: The panners are entitled to on capital at per antu_m. R126 OOO R25 200 (Credit) R63 OOO (debit) R19950 R116025 Interest Of 15% is on the opening balMs Of the Current accounts Of the partners. Interest on for then and San%i amount to and R670 Monthly salaries for Owen and Sambi amount to RI 0m and R20m each. Canmission to Sambi, RS 250. Required 2. I Calculate the distributable profit and profit share Of each parmer. s c zoa. (12 Marks) 2.2 Prepare the current accounts partners in the General Ledger Of the partnership he year-ended 31 December 2009. - Take-Horne Test 4 2021 VI. o Question 3 Study the scerwio and complete the questions that follow: Ching and Hu Partnership Ctng Hu are ptners and share profits and bsses in ttw ratio 32. (15 Marks) page 4 S