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The following information relates to a partner in a partnership for the year ended 28 February 2023: Partner's salaries R200 000; Interest on capital R30
The following information relates to a partner in a partnership for the year ended 28 February 2023: Partner's salaries R200 000;
Interest on capital R30 000; Drawings R250 000; Interest on drawings R5 000; Profit share R60 000; Current account credit balance on 28 February 2023 R25 000. What was the balance in the Current account of the partner on 01 March 2022?
O A. R20 000 (DR)
O B. R10 000 (DR
O C. R60 000 (CR)
O D. R10 000 (CR)
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