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A partner has an opening balance on his current account of 2,000 (credit). He introduces 15,000 worth of capital, withdraws 28,000, is awarded 500 interest
A partner has an opening balance on his current account of 2,000 (credit). He introduces 15,000 worth of capital, withdraws 28,000, is awarded 500 interest on his capital and is allocated profits for the period of 30,000. What is the closing balance on his current account? a. 19,500 b. 5,000 c. 4,500 d. 4,000
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