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REQUIRED Use the information provided below to prepare the following for the financial year ended 28 February 2023: 3.1 Statement of Net Investment of Partners
REQUIRED Use the information provided below to prepare the following for the financial year ended 28 February 2023: 3.1 Statement of Net Investment of Partners (12 marks) 3.2 Current a/c: Stan in the general ledger. Note: The partners drawings must be transferred to his current account. Balance the account. (8 marks) INFORMATION Extract from the ledger of Stanger Traders on 28 February 2023 R R Capital: Stan 600 000 Capital: Gerald 400 000 Current a/c: Stan (01 March 2022) 30 000 Current a/c: Gerald (01 March 2022) 20 000 Drawings: Stan 300 000 Drawings: Gerald 200 000 The following must be considered: (a) On 28 February 2023 the Statement of Comprehensive Income reflected a net profit of R600
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