Accounting 0452 · IGCSE · Partnerships

Partnerships — practice question

Carol and Denise are partners, with profits and losses divided 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 over 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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