Accounting 0452 · IGCSE · Partnerships

Partnerships — practice question

Javed and Yani operated as a partnership and divided profits and losses equally. After appropriation, the remaining profit for the year was $47\,000$. Yani supplied the following figures. interest on capital $2400$ interest on drawings $600$ salary $3000$ drawings $18\,000$ At the beginning of the year, Yani’s current account showed a credit balance of $1500$. What was Yani’s current account balance at the end of the year?

  • A$5800$ credit
  • B$8200$ credit
  • C$8800$ credit
  • D$11\,800$ credit

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