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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 3.2 Current a/c: Stan in the general ledger. Note: The partner's drawings must be (12 marks) 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 600000 Capital: Gerald 400000 Current a/c: Stan (01 March 2022) 30000 Current a/c: Gerald (01 March 2022) 20000 Drawings: Stan 300000 Drawings: Gerald 200000 The following must be considered: (a) On 28 February 2023 the Statement of Comprehensive Income reflected a net profit of R600 000 . (b) The
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