Question
Question 6 A partnership of Rana and Rawan realized net profit of 200,000 SR , RANA and Rawan share profit and loss equally and they
Question 6
A partnership of Rana and Rawan realized net profit of 200,000 SR , RANA and Rawan share profit and loss equally and they got interest income of 15,000 and 35,000 respectively. What are profits credited to capital accounts
a.
Rana 90,000, Rawan 110,000.
b.
Rana 100,000, Rawan 100,000.
c.
Rana 120,000, Rawan 125,000
d.
Rana 85,000, Rawan 75,000.
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Fundamentals of Advanced Accounting
Authors: Joe Ben Hoyle, Thomas Schaefer, Timothy Doupnik
5th edition
978-0077924379, 77924371, 978-0078025396, 78025397, 978-0077425654, 77425650, 978-0077667061
