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Abid and Jane are partners. They operate a secretarial agency. Their financial year ends on 3 1 March. In addition to capital invested, Abid made

Abid and Jane are partners. They operate a secretarial agency. Their financial year ends on 31 March. In addition to capital invested, Abid made a 10-year loan to the business on 31 March 2016.
Abid and Jane share profits in the ratio 2:1.
The balances on their accounts on 1 April 2015 were
Abid
R
R
Capital account
80000 Abid
55000 Jane
Current account
110 debit Abid
800 credit Jane
During the year ended 31 March 2016, the partners made the following drawings:
Abid R6000
Jane R70004.
During the year ended 31 March 2016, the partners made the following drawings:
Abid
R6000
Jane
R7000
The following is an extract of the profit and loss appropriation account for the year ended 31 March 2016:
Appropriation Account
\table[[Date,Details,Amount,tDate,Details,Amount],[2016,,,2016,,],[Mar 31,Interest on capital:,,Mar 31,Profit for the year,13170],[,Abid,2400,,Interest on drawings:,],[,Jane,1650,,Abid,120],[,Salary: Jane,5000,,Jane,140],[,\table[[Profit available for],[distribution]],4380,,,],[,,13430,,,13430]]
Prepare the current accounts of Abid and Jane for the year ended 31 March 2016. Balance the accounts and bring down the balance on 1 April 2016.
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