(a)[8]
Prepare the revised capital accounts for each sole trader as at 31 March 2019 so that the transfer into the partnership is shown.
(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 for the first year of trading.
(d(ii))[2]
State one advantage and one disadvantage for Jenny of entering the partnership.
(e)[4]
State two advantages and two disadvantages to a business of using a computerised accounting system.