Fixed capital on starting the business was $ 14,400 24,000 36,000 P D Q Interest was...
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Fixed capital on starting the business was $ 14,400 24,000 36,000 P D Q Interest was given at 20% in the partnership agreement on fixed capital. Interest was charged at 5% on any drawings made before the year end. Profit sharing was agreed at 10:15:20. Required Calculate balances in each partner's current account at the end of the year, using an appropriation account. Fixed capital on starting the business was $ 14,400 24,000 36,000 P D Q Interest was given at 20% in the partnership agreement on fixed capital. Interest was charged at 5% on any drawings made before the year end. Profit sharing was agreed at 10:15:20. Required Calculate balances in each partner's current account at the end of the year, using an appropriation account.
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