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Tuli and Duli are in partnership and share profits nnd losses the ratio 3:2 (to the nearest Namibian doll I deting the final profit, the
Tuli and Duli are in partnership and share profits nnd losses the ratio 3:2 (to the nearest Namibian doll I deting the final profit, the following must be taken into interest at 5% per annum has to be allowed or, capital The 2. Interest at 6%, per nnnum (to the nearest dollar) must be claimed on drawings: The The entled to a management allowance of NS200 per month, which must be tance at the beginning of the year must be used for cateulatinginterest balonco at the end of the year nust be used for calculating interest. credited to her ccount at the end of each year all wa ter caleu 3. Du The trial balance as at 30 June 2012 and 2013 inludes the folloing balances, amongst others Tull Duli NS 200 000 Cupital accoun: O1 July 2011 Current accn: 1 July 201 Drawings up to 30 June 2012 Drawings up to 30 June 20.3 Profit was 20.1/20.2 20.2/20.3 8o 000 20 000 (cr) 6 000 (dr) 19 200 6 800 29 200 26 800 125 860 79 260 Required: (a) Prepare the statement of changes in equity for the years ended 30 June 2012 an 30 June 2013. (10 marks) (b) Prepare the capital accounts (where capital is fluctuating) of the partners for each of the two yeas
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