Question $9$

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Given the following information for questions $1-6$ : The partners have been sharing profits and losses on an equal basis. On July $30,2023,$ the following data was extracted from the partnership's financial records:

EXTRACT of given information for Mgungundlovu Plumbers

R

$\backslash$table$[[$Capital $-$ Mkhuzeni,$149,000],[$Current account $-$ Mkhuzeni $($Dr$),57,400],[$Capital $-$ Akezwa,$122,500],[$Current account $-$ Akezwa $($Cr$),21,000]]$

Additional information various individuals, they resolved to welcome a new partner, Kahle, into the business commencing September $1,2023.$

$2.$ To acquire a $20\%$ interest in the net assets of Mgungundlovu Plumbers, Kahle is set to contribute:

i$.$ Leak detection equipment worth

R $19500$

ii$.$ Nissan NP$200$ Bakkie valued at R $55500$

III. Bespoke Analysis Software worth R $18000$

iv$.$ Cash

$4.$ A comprehensive revaluation of all other assets was conducted before Kahle joined the partnership and after the revaluation, a profit of R$62300$ was accurately calculated.

Which one of the following alternatives represents the new profit$-$sharing ratio after the admission of Kahle into the new partnership?

a$.2$:$1$:$2$

b$.2$:$3$:$1$

c$.2$:$2$:$1$

d$.3$:$2$:$1$

Question $11$

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Question $12$

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Which one of the following alternatives represents the correct balance in the capital account of Mkhuzeni after the valuation of assets and prior to the admission of Kahle?

a$.$ R $237,550$

Time left $1$:$54$:$15$

b$.$ R $91,600$

c$.$ R $122,750$

d$.$ R $153,900$

e$.$ R $174,650$

Which one of the following alternatives represents the correct balance in the capital account of Akezwa after the valuation of assets and prior to the admission of Kahle?

a$.$ R $122,750$

b$.$ R $205,800$

c$.$ R $174,650$

d$.$ R $132,650$

e$.$ R $143,500$

Which one of the following alternatives represents the correct total contribution from Kahle to join the partnership?

a$.R118,300$

b$.R100,300$

c$.R118,000$

d$.R93,000$

e $B113800$