(a)[8]
At 31 March 2019, prepare the revised capital account for each sole trader to show the transfer into the partnership.
(b)[2]
Calculate how much additional cash each partner introduced.
(c)[6]
Prepare the opening statement of financial position for the new partnership on 1 April 2019.
(d(i))[3]
Calculate Jenny’s total share of the expected profit in the first year of trading.
(d(ii))[2]
State one advantage and one disadvantage for Jenny of forming a partnership.
(e)[4]
State two advantages and two disadvantages for a business of using a computerised accounting system.