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Which of the following will increase the current liabilities of a partnership at the end of a financial year? i) Rent received for the next
Which of the following will increase the current liabilities of a partnership at the end of a financial year? i) Rent received for the next financial year ii) Telephone account due to be paid on the first day of the next financial year iii) Interest earned on fixed deposit but receivable in the next financial year iv) A portion of a non-current debt that is payable in the next financial year O A. i), ii) and iv) O B. i), ii) and iii) O C. i) and ii) only O D. ii), iii) and iv) 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 Interest on capital 24 000 Drawings 220 000 Interest on drawings 2 000 What is the balance in the Current account of the partner on 01 March 2019? O A. R12 000 DR OB. R116 000 DR O C. R52 000 CR O D. R12 000 CR
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