ASSIGNMENT - 2021 Question 1 Ben and Carmen are in partnership sharing profits and losses in the ratio of 2:1 respectively, Their partnership agreement also provides for interest on capital at the rate of 5% per annum and a salary for Carmen of N$10 000 per annum The partners' capital account balances on 1 April 2020 were as follows: Ben N$100 000 Carmen N$50 000 After the preparation of the Trading and Profit and Loss account for the year ended 31 March 2021, the following information appeared in the books Gross Profit Gross Income Expenses N$ 85 321 85 842 26 342 a) Prepare the appropriation account of the partnership for the year ended 31 March 2021. Ben and Carmen Profit and Loss Appropriation Account for the year ended 31 March 2021 NS NS NS 11 NSSCO ALCO Assignment 2-2021