(Total = 16 marks) QUESTION 2 Azuma, Kofi and Vida are in partnership sharing profit and losses in the ratio 5:3:2. The partnership agreement further makes provision for the following issues: a) A 10% interest on capital of the partners is to be allowed annually. b) Azumah is entitled to GHS 400 salary per every two months while Vida is paid a salary of GHS 800 in every 3 months. c) A 5% Per annum interest on drawings is to be charged against partners that benefit from drawings. During the 1/1/2019 to 31/12/2019 financial year, partners withdrew various sums of money on different periods as follows: Partner Amount (GHS) Date of withdrawal Vida 10,000 1/1/2019 Kofi 14,000 1/7/2019 Azuma 18,000 1/11/2019 All the above drawings remained outstanding as at 31/12/2019 Partners' capital accounts as at 1/1/2019 for Azuma, Kofi and Vida were GHS 320,000, GHS 250,000 and GHS 160,000 respectively. At 31/12/2019 Azuma and Vida had credit balances of GHS 42,100 and GHC 50,500 in their current accounts while Kofi had a debit balance of GHS 7,200 in that same account. The net profit before dealing with any of the above for the year ended 31/12/2019 was GHS 92,300,00 Required: i) State four Accounting Rules that are applicable in the absence of Partnership Deed (4 marks) il) Prepare for the year ending 31/12/2019 the Profit and Loss Appropriation account (8 marks) (Total 12 marks) QUESTION 3 Samzuu nopar Limited manufactures bicycle tyres. For the year ended 31/12/2019 the company's cost data is as set below: 1/1/2019 31/12/2019 Inventories GHS GHS Finished goods Raw materials.. 45,300 30,000