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2 - PARTNERSHIPS Dr. Butcher and Dr. Bones are partners in Advantage Care Physicians. The information below relates to their records for the financial year
2 - PARTNERSHIPS Dr. Butcher and Dr. Bones are partners in Advantage Care Physicians. The information below relates to their records for the financial year ended 28 February 2022. INFORMATION: EXTRACT FROM POST-ADJUSTMENT TRIAL BALANCE OF ADVANTAGE CARE PHYSICIANS ON 28 FEBRUARY 2022 Capital: Butcher Capital: Bones Drawings: Butcher Drawings: Bones Current account: Butcher (1 March 2021) Current account: Bones (1 March 2021) Fixed assets@cost Accumulated depreciation Trading stock Debtors control Provision for bad debts. Bank Cash float Creditors control Fixed deposit: Nedbank. Loan: ABSA Bank Adjustments and additional information: Page 4 of 6 2.1 . 2.2 . . Debit 172 500 140 300 10 200 1 920 000 ??? 202 330 Partners' salaries: 6 510 310 000 Bonus to partners: The partnership agreement stipulates the following: Interest on capital: R50 000 of the investment will mature on 30 September 2022. A credit note for R2 400 (cost R1 500), issued for goods returned was not poste
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