for the Question Ima, Meena and Duka have bllos in pastinesday as mamytostumes for many years. Interest on drawings is 10% p.a. |u 20% a for the first six months and 25% fer the remaining six month 2019. Ina receives a and Deeka receives a monthly salary of salary of $ 40ooper quarter RM 2,200 Profit is shared at 40% farina 30% for Meena and 30% fir Deeka The following balance were produced year indet 31 Dec 2019 DEBIT CREDIT Inventory as at 1 Jan 2019 164,800 Provision for baddebts at 1 Jan 200 1 500 2100 sales and 127,800 462 600 Carriage Inwards 7,800 Wagles and ralenie Repairs and maintenance expenses 3, Soo Insurance on Carriage outwards 7,260 Advertising expenses 3,250 Provision for depr at 1 Janar 38,000 24,920 1,400 Electricity expenses purchase Building 48,000 Machinery Dihice equipment Telephone charges Current Account Ina. Meena. Decka 46oo 4,200 6.910 DESIT CREDIT 80,000 30.000 Capital Account Ina Meena Deeka Machinery at cost Office Equipment at cost Generat expenses Delter and creditors 180,000 124,600 16,400 22000 (10,oo 27; 500 Drawings 35,000 Muna Duka 14,400 Bank 12,000 Debtor Baddebts Loco 802 420 323, 420 Additional Information @Tnventory as at 31 December 2019 were 6 Drawings by the partners were as follows GOODS Ina (withdrew on Mar) RM Ina (withdrew on 1 Mars 25,000 10,ooo Meena withdrew on 1 April) 21,500 6,07 Decka (withdrew on Baske) 16,400 c Electricity expenses for the month of Decembes 2019, RM 1400 have been omitted d Aycan misurance in the building wes pel e on 1 July, Ina decides to Increase her capital by $ 20,000 bringing worth berumahan pelum antha equipmind is exopla om wataunten CASH RM 00 machintay bota tikka debts of 1600 as farbans have decided te wall of my The prouston fer bad debits is now charged at 3% of the armabing debtors Reawred a Prepare the income statement and the appropriahion account to the yras ended b. Prepare the winnt Account for each olunan the statument of Financial position as at 31 Dec 2019. for the Question Ima, Meena and Duka have bllos in pastinesday as mamytostumes for many years. Interest on drawings is 10% p.a. |u 20% a for the first six months and 25% fer the remaining six month 2019. Ina receives a and Deeka receives a monthly salary of salary of $ 40ooper quarter RM 2,200 Profit is shared at 40% farina 30% for Meena and 30% fir Deeka The following balance were produced year indet 31 Dec 2019 DEBIT CREDIT Inventory as at 1 Jan 2019 164,800 Provision for baddebts at 1 Jan 200 1 500 2100 sales and 127,800 462 600 Carriage Inwards 7,800 Wagles and ralenie Repairs and maintenance expenses 3, Soo Insurance on Carriage outwards 7,260 Advertising expenses 3,250 Provision for depr at 1 Janar 38,000 24,920 1,400 Electricity expenses purchase Building 48,000 Machinery Dihice equipment Telephone charges Current Account Ina. Meena. Decka 46oo 4,200 6.910 DESIT CREDIT 80,000 30.000 Capital Account Ina Meena Deeka Machinery at cost Office Equipment at cost Generat expenses Delter and creditors 180,000 124,600 16,400 22000 (10,oo 27; 500 Drawings 35,000 Muna Duka 14,400 Bank 12,000 Debtor Baddebts Loco 802 420 323, 420 Additional Information @Tnventory as at 31 December 2019 were 6 Drawings by the partners were as follows GOODS Ina (withdrew on Mar) RM Ina (withdrew on 1 Mars 25,000 10,ooo Meena withdrew on 1 April) 21,500 6,07 Decka (withdrew on Baske) 16,400 c Electricity expenses for the month of Decembes 2019, RM 1400 have been omitted d Aycan misurance in the building wes pel e on 1 July, Ina decides to Increase her capital by $ 20,000 bringing worth berumahan pelum antha equipmind is exopla om wataunten CASH RM 00 machintay bota tikka debts of 1600 as farbans have decided te wall of my The prouston fer bad debits is now charged at 3% of the armabing debtors Reawred a Prepare the income statement and the appropriahion account to the yras ended b. Prepare the winnt Account for each olunan the statument of Financial position as at 31 Dec 2019
