(a)[2]
Calculate the partnership profit for the year ended 31 March 2022.
(b)[10]
Use page 3 to prepare the partners’ capital accounts and show the closing entries. Put your workings in the space provided for workings.
(c)[4]
Calculate the amount paid by J Limited into the partnership bank account.
(d)[4]
Prepare the partnership bank account to record the closing entries.
(e)[5]
Advise whether J Limited should continue with the expansion strategy. Justify your answer.