maximum 2000 words for the 3 tasks below: Tasks 1 Mr. Harith, an Accountant in profession and Mr. Jorum, a lawyer, he has his own Law office, both are very close friends decided to run a partnership business. Harith has invested $100,000 and Jorum has invested $50,000. As they are good friends, they decided not to have partnership agreement between them. Harith had no other side-businesses and he was fully concentrating on partnership business. But Jorum continuing his Law profession along with Partnership business and many times he could not visit partnership business because he had to visit court to represent his clients. Harith has withdrawn cash $2,000 per month from the partnership business for his personal purposes. But Jorum used to withdraw $3,000 per month. During the year, partnership business wanted to borrow money from Bank. As it is new business bank refused to give loan saying that business had no track record. But Harith had given $20,000 loan to the firm. After completing the 1st year of work together, partnership made a profit of 30,000. But interest on Harith loan is not provided. When sharing the profit Jorum is arrogant and he bargained to get 50% of the profit. But Harith is of the view that he should get double of Jorum because he has invested double amount of Jorum. Also, Harith thought that he will get salary from the partnership because of his full-time work for the partnership business. You are required to: Assess and discuss the Partnership law applicable to the above scenario. Also, demonstrate clearly how partnership business is different than that of sole trader. You can connect the answer to the given scenario wherever possible. (Maximum 500 words) (5 Marks) Task 2: a) On 1 January 2020, Dena plc, a large UK Company decided to raise $1,000,000 finance for extending its business in overseas market by issuing 10-year Bonds. Company decided to issue these bonds and fixed the interest rate as 6% per annum payable twice in a year, 1st of July and 1st of January. Investors in the market are expecting effective rate of interest at the rate of 6% per annum. b) Stella plc, a large UK company is planning to issue $5,000,000, 10% term bonds on January 1, 2020, due on January 1, 2025, with interest payable each July 1 and January 1. Investors are expecting effective interest rate of 12% for their investment. You are required to Find out the issue price of the bond and state with reason whether the bond is issued at par or Premium or discount. Pass necessary journal entries for the issue of above Bonds and interest and amortization of discount/premium for the year 1. (5 marks) Task 3: The directors of every company are required to prepare its financial statements in specific format. Discuss and produce the components of the Financial Statements and list out 5 objectives of the preparation of Financial statements as per IAS1. (500 words) ( 5 marks)

in task 1 there is a scenario the answer should be related the scenario. for task 2 there is calculation you should calculate and get answer and there is question also should be answered task 3 you should answer the question the total words should be 2000