The partners' Current accounts BEMBA A/C TONGA A/C LOZI A/C DETAILS DR CR DR CR OR CR Balances b/ 18,000 8,000 6,000 Interest on capital 2,700 2,100 Salaries 22.000 20,000 Share of Profits 70,93 25,812 32,265 Drawings 27,000 23,000 17,000 Interest on 1.200 050 500 drawings vi Balancesc 92,583 92,583 58,512 58.512 68.365 $3,365 64,363 34,552 50,865 BALANCE SHEET EXTRACT AS AT 31/12/19 Details FINANCED BY: Capital A/C Bemba Tonga Lozi 65,000 45,000 35.000 V) Current A/c Bemba Tonga Leal 64,383 34,552 REQUIRED a). Fill in the spaces indicated by roman numerals from i) to xi (11) A. What were the profit and Loss sharing ratios for the Partners (1) 4. What was the rate of interest on capital for all partners (1) d). What were the total worth of each of the Partners according to the Current Accounts el. What was the total value of the Partnership's Capital Employed. (1) The partners' Current accounts BEMBA A/C TONGA A/C LOZI A/C DETAILS DR CR DR CR OR CR Balances b/ 18,000 8,000 6,000 Interest on capital 2,700 2,100 Salaries 22.000 20,000 Share of Profits 70,93 25,812 32,265 Drawings 27,000 23,000 17,000 Interest on 1.200 050 500 drawings vi Balancesc 92,583 92,583 58,512 58.512 68.365 $3,365 64,363 34,552 50,865 BALANCE SHEET EXTRACT AS AT 31/12/19 Details FINANCED BY: Capital A/C Bemba Tonga Lozi 65,000 45,000 35.000 V) Current A/c Bemba Tonga Leal 64,383 34,552 REQUIRED a). Fill in the spaces indicated by roman numerals from i) to xi (11) A. What were the profit and Loss sharing ratios for the Partners (1) 4. What was the rate of interest on capital for all partners (1) d). What were the total worth of each of the Partners according to the Current Accounts el. What was the total value of the Partnership's Capital Employed. (1)