A. Partnership Agreement Details for Profit Distribution (Financial Year: 1 May 2020 - 30 April 2021):
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Here are the calculations for the capital and current accounts of the partners as at 30 April 2021.
A. Partnership Agreement Details for Profit Distribution (Financial Year: 1 May 2020 - 30 April 2021):
1. Interest on Capital (10% p.a.):
Gerald Le Roux:
Capital from 1 May 2020 to 31 August 2020 (4 months): $R600,000 + R100,000 = R700,000$
Capital from 1 September 2020 to 30 April 2
