The following information was obtained from the records of Alben Traders, a WAR partnership business with Albert and Bennie as partners, after the net profit was appropriated between the partners. R Partners' salaries 240 000 Interest on drawings 3 000 60 000 Interest on capital Total share of remaining loss 24 000 180 000 Drawings Which one of the following reflects the net profit? O A. R279 000 O B. R273 000 O C. R327 000 O D. R453 000 The balance in the Debtors Control account at the end of the financial year was R30 000 before the following transactions were recorded: A debtor who owed R4 000 was declared insolvent. His estate paid R60% of the amount owing. The balance of the account must be written off. How much will be reflected as "Provision for bad debts" in the statement of financial position, if the provision for bad debts is calculated at 5% of trade debtors? O A. R1 380 O B. R1 420 O C. R1 300 O D. R1 500 The following information was obtained from the records of BV Suppliers, a partnership business with Betty and Valerie, on 29 February 2020 (the end of the financial year): Betty's capital balance was 29 February 2020 was R500 000. She increased her capital contribution by R100 000 on 01 September 2019 (and this was recorded). She learns interest at a rate of 12% per annum. Which one of the following reflects her interest on capital for the year ended 29 February 2020? O A. R66 000 O B. R60 000 O C. R48 000 O D. R54 000 Which of the following reflects Dan's share of the remaining profit of a partnership business (with partners Ben and Dan) if Ben's share is R390 000 and Ben and Dan share the remaining profit in the ratio 3:2 respectively? O A. R156 000 O B. R585 000 O C. R260 000 O D. R130 000