P and Q are in partnership sharing profits and losses equally.
The following information is available in respect of P.
The total partnership profit for the year was ＄130 000.
Partnership salaries were P ＄20 000, Q ＄30 000.
What was the balance on the current account of P at the end of the year?
1 )
＄10 350
＄69 950
3 )
＄79 950
4 )
＄90 350
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