Shirley and Ken are in partnership, trading in the construction industry. The year end for the partnership business is 30 June.
You are the Assistant Accountant and have been asked by the Accountant to assist him in preparing the financial statements for the year ended 30 June 2011.
You have the following information about the partnership:
The partners are Shirley and Ken.
- Shirley £32,000
- Ken £57,000
- Shirley £1,900 Cr
- Ken £400 Dr
- Shirley £7,500
- Ken £9,500
- Shirley 45%
- Ken 55%
- Shirley 40% - Ken 45% - Reeny 15%