Question: QUESTION TWO ( 3 0 MARKS ) The following information was obtained from the partnership of Handy and Andy. Additional information The partnership agreement provided

QUESTION TWO (30 MARKS)
The following information was obtained from the partnership of Handy and Andy.
Additional information
The partnership agreement provided for:
Partners Handy and Andy to share profits and losses in the ratio 3:2
Interest at 10% on the opening balances of the capital accounts.
Interest on current account at 8% on opening balances.
Interest on drawings at 15% per annum.
A managerial salary of R27000 per annum to Handy and a bonus of R10000 to Andy.
QUESTION TWO (30 MARKS) The following information was obtained from the

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