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32.10A Scot and Joplin are in partnership. They share profits in the ratio: Scot 70 per cent; Joplin 32.10A Scot and Joplin arial balance was
32.10A Scot and Joplin are in partnership. They share profits in the ratio: Scot 70 per cent; Joplin 32.10A Scot and Joplin arial balance was extracted as at 31 December 2020: The following notes are applicable at 31 December 2020: (a) Inventory, 31 December 2020E41,312. (b) Office expenses owing f240. (c) Provide for depreciation: motor 25 per cent of cost, office equipment 20 per cent of cost. (d) Charge interest on capitals at 5 per cent. (e) Charge interest on drawings: Scot f300; Joplin E200. Required: Draw up a set of financial stat 32.10A Scot and Joplin are in partnership. They share profits in the ratio: Scot 70 per cent; Joplin 32.10A Scot and Joplin arial balance was extracted as at 31 December 2020: The following notes are applicable at 31 December 2020: (a) Inventory, 31 December 2020E41,312. (b) Office expenses owing f240. (c) Provide for depreciation: motor 25 per cent of cost, office equipment 20 per cent of cost. (d) Charge interest on capitals at 5 per cent. (e) Charge interest on drawings: Scot f300; Joplin E200. Required: Draw up a set of financial stat
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