The following information was obtained from the records of Alben Traders, a partnership business with Albert and
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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 R546 000 was appropriated between the partners: Partners' salaries R480 000; Interest on drawings R6 000; Total share of the remaining loss R 48000. Which of the following reflects the value of the interest on capital?
- A. R120000
- B. R24 000
- C. R 972000
- D. R108
Related Book For
Smith and Roberson Business Law
ISBN: 978-0538473637
15th Edition
Authors: Richard A. Mann, Barry S. Roberts
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