Required: Prepare the Partnerships Statement of Financial Position for the first year.

(Remember to categorise the accounts (A, L or Eq.) and list them as Current/Non-currents. Make sure to show the NET ASSET).

Use the data above according to the number of people in your group

e.g.: 2 members will use the data from Partner 1 and

2; 3 members will use the data from Partner 1 to 3;

while 4 - 5 members will use Partner 1 to 4 data.

Make sure to use the correct data according to the number of members in your group. Incorrect data used will result in zero mark!

Marking will be done based on accuracy, correctness and professionalism in overall preparation especially the layout and format.

Objective of this task:

learn to prepare the Statement of Financial Position,

# understand how A = L + Equity works,

#calculation skills.

# attention to details,

# follow the instructions,

# time management.

You and friends have just started a Partnership on 30 June 2022 . Each member has agreed to make an early contribution to kick start the business. Below are the contributions made by each partner displayed in random order