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REQUIRED Use the infomation provided below to prepare the Statement of Changes in Equily of Sunay Traders for the year ended 28 February 2023 INFORMATION
REQUIRED Use the infomation provided below to prepare the Statement of Changes in Equily of Sunay Traders for the year ended 28 February 2023 INFORMATION The following must be considered: (a) On 28 February 2023 the Statement of Comprehensive income reflected a net profit of R1 400000 . (b) The partners are entuled io interest at 15% p.a. on their capital balances. Note: Ravmond decreased his canital coniribution by R200 000 on 31 August 2022 whilst Sunny increased his capital balance by the same amount on 01 Decamber 2022 . These capilat changes have been recorded. (c) The patren are entillad to the following monthly salaries: Bunny R25 000 Raymand Reo 0010 Raymond is entiled to 1 bonus equal to 10% of his annual salary. Iaf Tha ramaining nrocilshortall must be shared between Sunny and Raymond in the ratio of the capital balances as at the beginning of the financial year
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