Paper 1 February/March 2022 Accounting (9706/12) A Level
John and Brian are in partnership sharing profits and losses equally. John receives a salary of
$\$ 2000$ per annum. Brian loaned the business $\$ 5000$. He is entitled to interest of 5% per annum.
The profit for the year before appropriation was $\$ 24000$. During the year John took drawings of $\$ 3000$.
What will be the amount of residual profit Brian will receive for the year?