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The information given below was extracted from the accounting records of Preston Traders, a partnership business with Presley and Tony as partners. Extract from the

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The information given below was extracted from the accounting records of Preston Traders, a partnership business with Presley and Tony as partners. Extract from the trial balance of Preston Traders on 28 February 2021 Debit Credit R R Capital: Presley 600 000 Capital: Tony 400 000 Current a/c: Presley (01 March 2020) 40 000 Current a/c: Tony (01 March 2020) 50 000 Drawings: Presley 340 000 Drawings: Tony 360 000

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