Sarudzai and Tafara are in partnership sharing profits and losses in the ratio 1:2 respectively.Their netprofitfor the year is$zw60 000 Sarudzai brought in $zw 50 000 and Tafara $zw 30 000 as capital . They are entitled to 5% interest on capital and are also charged 4% on any drawings they take out.Tafara is employed in the partnership and receivesa salary of$zw 12 000 per year . Sarudzai took drawings $zw3500 and Tafara took$4000 worthof drawings.
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Prepare the flexible capital account
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