=+6. HA. & B. Bryson are partners in the firm of ACARA, Wholesale Exporters, sharing profits and
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=+6. HA. & B. Bryson are partners in the firm of ACARA, Wholesale Exporters, sharing profits and losses equally, after interest of 8 per cent has been allowed on fixed capital, and salaries of £2,400 and £2,000 have been credited respectively.
The following is the Trial Balance of the General Ledger at 31st December, 1960: £ £
Bank 10,384 Cost of goods sent to Kara Branch 52,560 Cost price of goods sold or transferred 56,400 Current Capital—A. B. 1,064 B. B. 1,370
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