Question
please show me clear your handwritting Salah&Betul Co. is a local delivery partnership founded on 1 January 2019. Ahmad Salah &DilmuratBetul eachcontributed RM40,000and RM20,000 respectively
please show me clear your handwritting
Salah&Betul Co. is a local delivery partnership founded on 1 January 2019. Ahmad Salah &DilmuratBetul eachcontributed RM40,000and RM20,000 respectively to start the business. Both partners have agreed for 10% percent per annum interest on their capital investment. In the first years operation, the partnership managed to record a net profit of RM25,000. The partnership has also endorsed an equal distributionfor profit/losssharing.During the year, they have both withdrawn RM5,000 each. In addition, Salah was entitled for an annual salary of RM5,000 while Betuls was RM7,000.
REQUIRED:
Prepare the profit and loss appropriation account and the partners current accounts for the year ended 31 December 2019.
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