Answer all the cases. Case - 1 The junior accountant of the firm has prepared the following trial balance as on 31 December 2019 after incorporating gross profit and balance sheet items. He has missed a few ledger account balances in preparing the trial balance but included those accounts in the balance sheet. Trial Balance for the year ended 31 December 2019. Debit (OMR) Credit (OMR) 2000 500 1000 500 10,000 5000 Particulars Provision for depreciation - Furniture Bank balance Drawings - Murshid Naif Building Furniture Commission received Debtors and Creditors Current account - Murshid Naif Gross profit Salary Capital - Murshid Naif Total 1000 2500 5000 500 1000 3000 2000 8000 6000 24000 24000 Balance sheet as on 31 December 2019 Liabilities Amount Assets Amount Bank overdraft 500 Furniture - 5000 2750 Creditors 2500 (-)Provision - 2250 2,250 Capital 14,000 Depreciation 10 000 Murshid - 8000 Building 4500 Naif - 6000 Debtors Current account Current account Naif 1337 Murshid Commission 500 Receivable Prepaid salary 250 337 18 337 18337 The partnership agreement shows that; a) Interest on drawings is charged at 5% per annum b) Interest on capital is allowed at 8 % per annum You are required to: a. Prepare the firms profit and loss account for the year ended 31 December. (4 marks) b. Prepare the partnership appropriation account for the year ended 31 December. (2 marks) c. Prepare each partner current account at 31 December 2019. (2 marks) d. Explain in 50 words as to why it is considered desirable to make the partnership agreement in writing (2 marks)