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Gcinibandla is a partnership between Nkunzi and Majali. The partnership allows for the following: The partners are entitled to a monthly salary allowance of: Nkunzi
Gcinibandla is a partnership between Nkunzi and Majali. The partnership allows for the following: The partners are entitled to a monthly salary allowance of: Nkunzi R10 000 per month, Majali R5 000 per month. Majali was granted a bonus of R50 000. Interest on capital at 10% p.a. on the capital balances. No adjustments have been made for the salaries and bonus paid. Gcinibandla had the following balances as at 28 February 2023. Balances as at 28 February 2023 Capital:Nkunzi-Cr 170000 Capital:Majali-Cr 400000 Current:Nkunzi-Cr 80000 Current:Majali-Cr 100000 Drawings:Nkunzi-Dr 96400 Drawings:Majali-Dr 83400 What is the balance of the Drawings account of Gcinaibandla at the end of 28 February 2023
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