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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 1 March 2022
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Accounting Concepts And Applications
Authors: W. Steve Albrecht, James D. Stice, Earl K. Stice, Monte R. Swain
10th Edition
0324376154, 978-0324376159
