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Question One Chra, Alind and Belaf operate an Oil and Gias business sharing profit and loss in the ratio 2:2:1. The following trial balance was

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Question One Chra, Alind and Belaf operate an Oil and Gias business sharing profit and loss in the ratio 2:2:1. The following trial balance was extracted from their books on 31/12/2022 Note: i. Stock at 31/12/2021 was valued at 5700,000 ii. Partners to receive interest on their capital at 5% iii. Interest on drawings to be charge at 5% iv. Alind and Belaf to receive salaries of 5600,000each v. There was an accruals of $220,000 for salaries and 2,5000 for clectricity vi. Prepaid insurance was $81.000 vii. Depreciation is to be charged at 10*s straight line method en Machinery and Motor Van You are required to prepare a. The Partoers Statement of Comprehensive lncome for the year ended 31/12/2022 b. The partners Profit and Loss Appropriation Account for the year ended 31/12/2022 c. The Partners Current Account for the year ended 31/12/2022 and d. A statement of financial position as at 31/12/2022 Question Two a. With relevant example from Financial accounting point of vicw, diatinguish between a Partnership business and one Man business. b. Discuss the conients of partnership deed

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