Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Joel Mabena is the sole owner of a general dealer business O File ICAserAntiDownload/OCOMDEG Accounting W201 November%202020 201 QUESTION THREE Pilno and Steve an pertan

Joel Mabena is the sole owner of a general dealer business

image text in transcribed

O File ICAserAntiDownload/OCOMDEG Accounting W201 November%202020 201 QUESTION THREE Pilno and Steve an pertan operating a buminen Tops Pro Service. The information the wais relevant to the business activities of the partnership for the year anded 30 June 2000. Pitao and Steve share in profits and losses in the ratio of 32 rumpectively Topclass Pro Services Fatrict of relevant account balances as at 30 June 2020 Debit R Credit R 270 000 270 000 78 600 52 900 Capital Piso Capital Steve Current account: Pitso: balance at 1 July 2019 Current account: Steve: balance at 1 July 2019 Drawings for the year Piso Drawings for the year Steve Long term loan from Pitso Salaries paid to partriers during the year Peso Steve Profit for the year before taking the any of the additional information into account 68.310 43 470 110 000 144 000 126 000 765 500 Type here lo search W & 3 4 5 c 6 77 88 99 07 Q WER T O U A S D F G . J O File ICAserAntiDownload/OCOMDEG Accounting W201 November%202020 201 QUESTION THREE Pilno and Steve an pertan operating a buminen Tops Pro Service. The information the wais relevant to the business activities of the partnership for the year anded 30 June 2000. Pitao and Steve share in profits and losses in the ratio of 32 rumpectively Topclass Pro Services Fatrict of relevant account balances as at 30 June 2020 Debit R Credit R 270 000 270 000 78 600 52 900 Capital Piso Capital Steve Current account: Pitso: balance at 1 July 2019 Current account: Steve: balance at 1 July 2019 Drawings for the year Piso Drawings for the year Steve Long term loan from Pitso Salaries paid to partriers during the year Peso Steve Profit for the year before taking the any of the additional information into account 68.310 43 470 110 000 144 000 126 000 765 500 Type here lo search W & 3 4 5 c 6 77 88 99 07 Q WER T O U A S D F G . J

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Management Of Health Care Organizations

Authors: William N. Zelman, Michael J. McCue, Noah D. Glick, Marci S. Thomas

4th Edition

111846656X, 978-1118466568

More Books

Students also viewed these Accounting questions