QUESTION 2 Joey and Jasmine run a souvenir manufacturing company in Langkawi, Kedah. Their business has been registered under the Partnership Act 1961 under the name Langkawi Souvenir Centre(PCL). During the year ended 31 March 2021, PCL achieved a net income of RM110,000. Joey's remaining capital as at 1 April 2020 was RM50,000 and Jasmine RM90,000. While there is a take-up of RM20,000dibuat oleh Jasmine sepanjang tempoh tersebut. Butir perjanjian perkongsian antara Joey dan Jasmine adalah seperti berikut: 1. Salaries of RM20,000 and RM36,000 respectively were paid to Joey and Jasmine. 2. Interest on capital is at the rate of 10% per annum on the initial balance of capital. 3. Profit and loss is divided equally. 4. The partnership uses variable capital methods to account for partner capital. Required: Prepare for Langkawi Souvenir Centre (PCL): 1. The profit and loss segregation table for the year ended 31 March 2021. 2. Capital Accounts on 31 March 2021. QUESTION 2 Joey and Jasmine run a souvenir manufacturing company in Langkawi, Kedah. Their business has been registered under the Partnership Act 1961 under the name Langkawi Souvenir Centre(PCL). During the year ended 31 March 2021, PCL achieved a net income of RM110,000. Joey's remaining capital as at 1 April 2020 was RM50,000 and Jasmine RM90,000. While there is a take-up of RM20,000dibuat oleh Jasmine sepanjang tempoh tersebut. Butir perjanjian perkongsian antara Joey dan Jasmine adalah seperti berikut: 1. Salaries of RM20,000 and RM36,000 respectively were paid to Joey and Jasmine. 2. Interest on capital is at the rate of 10% per annum on the initial balance of capital. 3. Profit and loss is divided equally. 4. The partnership uses variable capital methods to account for partner capital. Required: Prepare for Langkawi Souvenir Centre (PCL): 1. The profit and loss segregation table for the year ended 31 March 2021. 2. Capital Accounts on 31 March 2021