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The following information relates to partner for the year ended 29 February 2020: Current account credit balance on 29 February 2020 20 000 Profit share

The following information relates to partner for the year ended 29 February 2020: Current account credit balance on 29 February 2020 20 000 Profit share 50 000 Salaries 180 000 Interest on capital 24 000 220 000 Drawing Interest on drawings 2 000 What is the balance in the current account of the partner on 01 March 2019? A R12 000 OR BR116 000 DR C852 000 CR DR12 000 CR The following information relates to partner for the year ended 29 February 2020: R Current account credit balance on 29 February 2020 20 000 Profit share 50 000 Salaries 180 000 24 000 Interest on capital Drawings Interest on drawings 220 000 2 000 What is the balance in the Current account of the partner on 01 March 2019? A R12 000 DR B. R116 000 DR CR52 000 CR D. R12 000 CR

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