Question: Use the given information below to answer questions 1 - 6: Ndiza Traders is a partnership with Ukhozi and Sparrow as partners. The following information

 Use the given information below to answer questions 1 - 6:
Ndiza Traders is a partnership with Ukhozi and Sparrow as partners. The
following information pertains to the business activities of the partnership for the

Use the given information below to answer questions 1 - 6: Ndiza Traders is a partnership with Ukhozi and Sparrow as partners. The following information pertains to the business activities of the partnership for the year ended 30 June 2021. 1. Balances as at 30 June 2021: NDIZA TRADERS BALANCES AS AT 30 JUNE 2021 Capital: Ukhozi R90 000 Capital: Sparrow R70 000 Current account: Ukhozi (Cr: 1 July 2020) R2 500 Current account: Sparrow (Dr: 1 July 2020) R1 200 Drawings: Ukhozi (30 June 2021) R4 590 Drawings: Sparrow (30 June 2021) R7 000 Trade payables control RS4 930 Bank (D) R83 140 Inventory R22 500 Trade receivables control R38 500 Allowance for credit losses R260 Allowance for credit losses Vehicle at cost Accumulated depreciation: Vehicles Prepayment Equipment hire Profit for the year Woo R260 R96 000 R11 500 R38 800 R62 500 2. Additional information: 2.1 Partnership agreement: 2.1.1 The partners Ukhozi and Sparrow share profits and losses in the ratio of 3:2 respectively 2.1.2. Interest is calculated at 12% per annum on the opening balances of the partners' capital and current accounts. 2.1.3. Both partners are entitled to a salary of R15 000 per month On 30 June 2021, the partners were paid R10 000 each as monthly salaries. This information is yet to be recorded in the books of the partnership. 2.2 Year-end adjustments: 2.2.1 Ukhozi's mother-in law decided to lend R100 000 to the partnership on 30 June 2021 to enable them to buy land for development. The R100 000 will be a long-term loan to the partnership with interest calculated at 8% per annum and will be repayable in equal instalments over 10 years. The first instalment is due on 30 June 2022 Which one of the following alternatives represents the correct amount that must be disclosed as total equity in the statement of changes in equity of Ndiza Traders for the year ended 30 June 2020? O a. R160 000 Ob R161 300 . O CR163 750 Od: 2161 250 e. R149 760

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