Interest is charged on the partners' drawings at 7% per annum. Their drawings during the year to 31 October 2020 were as follows: JohnRM30,000 LeeRM20,000 TonyRM3,000 The account open from 1 November 2019

Interest is charged on the partners' drawings at 7% per annum. Their drawings during the year to 31 October 2020 were as follows: JohnRM30,000 LeeRM20,000 TonyRM3,000 The account open from 1 November 2019

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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