Question
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?
A. R108 000 B. R24 000 C. R120-900 D.R972 000
The following information was obtained from the redords 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? A. R108000 B. R24 000 C. R120000 D. R972000Step by Step Solution
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Principles Of Housing Finance Reform
Authors: Susan M. Wachter, Joseph Tracy
1st Edition
0812248627, 978-0812248623
