I seek help with my financial accounting any expect tutor in financial accounting to help me out please


Qumiun 1 130 Marks! Leonard and Robert bear been trading as partners for some age sharing profits and losses in the relative 2:].On 29 February 2020 their announcement of financial aspect was as follows: ASSETSNon-current effects:Property Vehicles Furniture Goodconciliate Current effects:Inventory Accounts receivablesBank Total effects EQUITY AND LIABILITIES:Equity: Chief accounts Leonard Robert Current accountsLeonard Robert Non-current liabilities:Loan Current liabilities:Accounts payablesTotal equity and liabilitig On 1 March 2&0, they unwavering to further Iaurinda to the union on the followingcited conditions: 1. The effects bear be revalued as follows: N$ Furniture 8 500Goodconciliate 45 000Inventory 45 000Vehicles 17 000Property 130 000 2. An amercement for trustworthiness losses of N$ 3 000 was to be created 3. Laurinda conciliate accomplish [/5 portion-out of the pannership and it was agreed that she would pay a enhancement forgoodconciliate for her portion-out. 4. Leonard and Robert conciliate portion-out the retaining profits in the relative 3:2. Leonard and Robert must create cashpayments or delaydrawals in classify to get their balances in continuity delay their profit sharing relatives. 5. Goodconciliate should not be unreserved in the announcement of financial aspect following the furthertance of Laurinda. REQUIRED: NIARKS a) Calculate the chief sum that Laurinda must assist for 1/5 portion-out in the union. 4 b) Calculate the new profit sharing relative of the partners following the similarity of Laurinda. 4 2) Prepare the chief accounts of the partners in columnar format. 14 d) Draft the announcement of financial aspect presently following the similarity of Laurinda to the 8partnership. TOTAL MARKS 30

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