Accounting 0452 · IGCSE · Partnerships

Partnerships — practice question

Raj and Seema are partners, with profits and losses shared in the ratio $2:1$. During the year, Raj took out $5000$ and interest at $3\%$ was charged on this amount. Seema made no withdrawals in the year. The profit for the year came to $30000$. What amount was entered in Raj’s current account at the end of the year?

  • A$19850$
  • B$19900$
  • C$20000$
  • D$20100$

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