Partnership Agreement Details for Profit Distribution (Financial Year: 1 May 2020 - 30 April 2021):

April 7, 2026Business/Management

ScanSolve AI Answer

April 7, 2026

Answer

$R600,000 \times 10\% = R60,000$

Here are the calculations for the capital and current accounts of the partners as at 30 April 2021.

Partnership Agreement Details for Profit Distribution (Financial Year: 1 May 2020 - 30 April 2021):

Interest on Capital: 10% p.a.
- Gerald Le Roux: R600,000 (capital balance at 30 April 2021)
  - Interest = $R600,000 \times 10\% = R60,000$
- Simon Brown: R750,000 (capital balance at 30 April 202

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1 May 2020 - 30 April 2021): 1. Interest on Capital: 10% p.a.

Asked on April 7, 2026Business/Management

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ScanSolve AI AnswerAnswered on April 7, 2026

Here are the calculations for the capital and current accounts of the partners as at 30 April 2021. Partnership Agreement Details for Profit Distribution (Financial Year: 1 May 2020 - 30 April 2021): 1. Interest on Capital: 10% p.a. Gerald Le Roux: R600,000 (capital balance at 30 April 2021) Interest = R600,000 × 10\% = R60,000 Simon Brown: R750,000 (capital balance at 30 April 202