Accounting 0452 · IGCSE · Partnerships

Partnerships — practice question

Ann and Ben are partners, and they divide profits and losses in equal shares. The following figures relate to the year ending 30 April. profit for the year: $20000$ interest on capital - Ann: $5000$, Ben: $4000$ drawings - Ann: $8000$, Ben: $7000$ How much of the residual profit was Ben’s share?

  • A$5500
  • B$10000
  • C$13000
  • D$14500

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