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12 marksChanges in Ownership and Capital Structure

CAPE Accounting Unit 1 · 2006 · Paper 2 · Question 2(iv)

Prepare a balance sheet for the partnership immediately following the admission of Zandolie.

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Other parts of this question

  1. 2(i)Prepare the income statement for B & R Distributors for the year ending December 31, 2005, including the appropriation of profits between the partners.[8 marks]
  2. 2(ii)Prepare a statement of changes in the partners' capital for the current year.[3 marks]
  3. 2(iii)Compute the bonus attributable to Bravo and Rampaul upon the admission of Zandolie to the partnership.[8 marks]
  4. 2(v)Briefly discuss TWO advantages and TWO disadvantages that would accrue to B & R Distributors if they changed from a partnership to a public company.[4 marks]

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