RAWAN Partnership is in phone accessories business. Below is their business information taken from the book...

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RAWAN Partnership is in phone accessories business. Below is their business information taken from the book of accounts for the ended 31 December 2021: QUESTION I RM Beginning capital: Razak 20,000 Current account: Zukuwan Razak 40,000 5,000 Zukuwan 0 Partner's drawings: Razak 5,000 Zukuwan 2,800 Annual Salaries: Razak Zukuwan 0 2,000 Additional information: i. The net profit for the year ended 31 December 2021 was RM28,000. ii. iv. The interest on capital and interest on drawings was at 5% and 4% per annum respectively. There was RM5,000 salaries payable to Zukuwan The partners agreed to share profits and losses based on capital ratio. wwwwww REQUIRED: (a) (b) (c) Prepare the Profit and Loss Appropriation Account of RAWAN Partnership for the year ended 31 December 2021. State any TWO (2) rights of ordinary shareholders in a company to Razak and Zukuwan, if they change their form of business from partnership become a company. Explain (TWO) 2 differences or similarities between public company and private company. ] a 8 RAWAN Partnership is in phone accessories business. Below is their business information taken from the book of accounts for the ended 31 December 2021: QUESTION I RM Beginning capital: Razak 20,000 Current account: Zukuwan Razak 40,000 5,000 Zukuwan 0 Partner's drawings: Razak 5,000 Zukuwan 2,800 Annual Salaries: Razak Zukuwan 0 2,000 Additional information: i. The net profit for the year ended 31 December 2021 was RM28,000. ii. iv. The interest on capital and interest on drawings was at 5% and 4% per annum respectively. There was RM5,000 salaries payable to Zukuwan The partners agreed to share profits and losses based on capital ratio. wwwwww REQUIRED: (a) (b) (c) Prepare the Profit and Loss Appropriation Account of RAWAN Partnership for the year ended 31 December 2021. State any TWO (2) rights of ordinary shareholders in a company to Razak and Zukuwan, if they change their form of business from partnership become a company. Explain (TWO) 2 differences or similarities between public company and private company. ] a 8