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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
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? A. R60 000 (CR) OB. R20 000 (DR) O C. R10 000 (CR) OD. R10 000 (DR)
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
