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REQURED 2023: 3.1. Statenent or Net investment of Parines (12 marks) 32 Curent ale: stan in the genera ledger. Note: The partners drawings must be
REQURED 2023: 3.1. Statenent or Net investment of Parines (12 marks) 32 Curent ale: stan in the genera ledger. Note: The partners drawings must be transteried b his current acoount. Balance the account. (8mar) INFORMATON Entract from the ledger of Stanger Traders on 28 Fabruary 2023 The following must be considered: (a) On 28 February 2023 the Statement of Comprehensive hicome reflected a net profit of R600 000 . (b) The parthers are entiled to interest al 12%p a on their capilal balances. Nole Stan increased his capital contribution by R100 000 on 01 June 2022 whilst Gerale decreased his tapital belance by R100 000 on 31 August 2022 . Tis ospital changes have been recorded (c) The partners are erilled to the following nonthly salsite: Stan R10000 Cerdild RB 000 have been oorsidered. (e) The tensining profishortall nust be shared between Stan end Cereld in he ratio 32 respecilely
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