Question $2[30]$

PARTNERSHIP

The information below was extracted from the books of Simunye Traders, owned by Simon and Modise. The financial year ends on $28$ February $2017.$

A$.$ INFORMATION

$\backslash$table$[[$Balances of Simunye Traders on $28$ February $2017],[,$Modise,Simon$],[$Capital $(1$ March $2016),180000,120000],[$Current account $(1$ March $2016),$Cr $8000,$Cr $r7500$