10:56

10:56 < Shabana Ou...rce 2.35 Pkr 211 Calculate the distributable profit andProfit share gannet. (12 Marks) 2.2 Prepare the current accounts Of the partners in the General Ledger Of the partnership for the year-ended 31 2009. COAGB1.B44 - Take-Home Test Block 4 2021 Vl.o Question 3 Study the and complete the questions that follow: Ching and Hu Partnership Ching Hu are and share profits and bsses in 32. On 30 Was as Assets P roperty Mach hery tory Amount RIB OOO R12 WO RI 14 000 Equity and liabilities Capital: Ching Capital: Hu 15 Marks) aso ooo RI 14 000 to I t his be % the profits. rest of the wud divided between Ching and Hu_ Chang was requ"ed to R20 TO in cash. ProMy was revalued at RSO 000 inventuy at R22 000. 3.1 Calculate the new profit-sharing ratio. 3.2 prepare the capital' C0untS in General Ledger for all three partners. Note: Show all calculations. Ignore VAT. End B COAGB'-B44 Take-Home Test Ock 4 2021 | VI-o (6 Marks) (10 Marks)