Question: ? Exercise EX , ?EY and EZ are partners for EXYZ since 2 0 1 9 . ?The information below is regarding their partnership business
? Exercise
EX ?EY and EZ are partners for EXYZ since ?The information below is regarding their
partnership business that ended on ?October
Capital contribution: EX RM; EY RM ?and EZ RM
Salary: EX RM ?and EY RM
Net Profit: RM
Profit Sharing: EX ; EY ?and EZ
Agreement on interests: ?on capital contributed and ?on drawings
Drawings: EX RM; EY RM ?and EZ RM
Required:
a ?Statement of profit and loss apportionment for the year ended ?October ;
b ?Current account for every partner and
c ?Extract of owners' equity in the statement of financial position as at ?October help
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