Question: Version:0.9 StartHTML:0000000105 EndHTML:0000002029 StartFragment:0000000141 EndFragment:0000001989 Simon and Garfunkel are a partnership in business. The following information in connection with Garfunkel is taken from the partnership
Version:0.9 StartHTML:0000000105 EndHTML:0000002029 StartFragment:0000000141 EndFragment:0000001989
Simon and Garfunkel are a partnership in business. The following information
in connection with Garfunkel is taken from the partnership records for the year
just ended:
Drawings ?
Interest on drawings 400
Current account balance at end of year 500 Cr
Interest on capital 1,300
Current account balance at start of year 1,600 Cr
Residual profit share 9,000
Salary 11,000
Based on the above, what drawings must Garfunkel have taken during the
year just ended?
Simon and Garfunkel are a partnership in business. The following information in connection with Garfunkel is taken from the partnership records for the year just ended: Drawings Interest on drawings Current account balance at end of year Interest on capital Current account balance at start of year Residual profit share Salary ? 400 500 Cr 1,300 1,600 Cr 9,000 11,000 Based on the above, what drawings must Garfunkel have taken during the year just ended
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