Accounting 0452 · IGCSE · Partnerships

Partnerships — practice question

Carol and Denise are partners, and they share profits and losses in the ratio 2:1. Denise’s current account showed these balances: on 1 May 2021, $2000 debit; on 1 May 2022, $7000 credit. She took no drawings during the year. What total profit did the partnership earn in the year ended 30 April 2022?

  • A$9000
  • B$15 000
  • C$18 000
  • D$27 000

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