Accounting 0452 · IGCSE · Partnerships

Partnerships — practice question

Abi and Erni are in partnership. Erni receives a yearly partnership salary of $3000. Any remaining profits and losses are split equally. For the year ending 31 August 2022, profit came to $12600. At 1 September 2021, the partners’ current account balances were: Abi: credit balance of $2500 Erni: debit balance of $1400 What credit balance was shown on Erni’s current account on 1 September 2022?

  • A$400
  • B$3200
  • C$6400
  • D$9200

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