The following information was obtained from the records of Alben Traders, a partnership business with...
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Accounting
The following information was obtained from the records of Alben Traders, a partnership business with Albert and Bennie as partners, after the net profit of R546 000 was appropriated between the partners: Partners' salaries R480 000; Interest on drawings R6 000; Total share of the remaining loss R48 000. Which of the following reflects the value of the interest on capital?
A. R24 000
O B. R108 000
O C. R972 000
O D. R120 000
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