Trial Balance at $30$ September $2011$

Additional information:

Non$-$current assets should be depreciated by $20\%$ per anaum using the reducing balance methot.

Operating expenses duc but unpaid at $30$ September $2011$ totalled $$5,000.$

The partners have decided that it is necessary to create a provision for doubtiol dehs amounting to $5\%$ of trade receivables at $30$ September $2011.$

The partaership agreement inclutes the following terms:

Ishaka is catilled to interest of lose per annum on her loan.

Interest is charged on drawings. For the ycar under revicw interest on drawings amounts to: Ishaka, $$6,000$; Joshua $$4,00,$

Jeshas is to receive a partactship salary of $$2s,000$ :nnam.

Prepare:

a an income statement for the year ended $30$ Septenthet $201]$

b

a protit and less approperiation account for the year ended $3$i Seplember $2011$

Partner' caftent accouats