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The following information was obtained from the records of Alben Traders, a partnership business with Albert and Bennie as partners, after the net profit of
The following information was obtained from the records of Alben Traders, a partnership business with Albert and Bennie as partners, after the net profit of R546 000 was appropriated between the partners: Partners' salaries R480 000; Interest on drawings R6 000; Total share of the remaining loss R48 000 . Which of the following reflects the value of the interest on capital
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Survey of Accounting
Authors: Carl S Warren
6th edition
978-113318912, 1133189121, 978-1133189121
