Question $15$ Not yet answered

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guestion

Given the following information for questions $1-4$ :

In the wake of growing demands for renewable energy, a partnership specialising in solar energy solutions has received a lucrative offer to dissolve their business, trading as Efficient Sq$\text{'}$ and become shareholders in a new private company as directors and shareholders. This company has an exclusive license to distribute wind power generation equipment in the Eastern

Time left $1$:$52$:$5$

Jackie and Mfundo, who currently share profits and losses at a $3$:$1$ ratio, plan to capitalise on this opportunity. They aim to complete the liquidation of their partnership and enter the new venture by June $1,2023.$

Prior to this strategic move, a thorough trial balance has been prepared to ensure a transparent and efficient transition:

EXTRACT FROM TRIAL BALANCE AS AT $1$ JUNE $2023$

$\backslash$table$[[,$R$],[$Installation equipment at cost$,$R $306,400],[$Accumulated depreciation: Installation equipment,$-R162,300$