Anastasia and Georgina are in partnership sharinf profits and losses in the ration 3:2. Georgina is entitled to a salary of $9,000 and interest on capital is paidf at a rate of 8% per annum. The partner's capital balances are: Anastasia $75,000 Georgina $60,000 The partnership statement of profit or loss for the year shows a profit of $58,500. Calculate how much of the total profit is Anastasia entitled to

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Anastasia and Georgina are in partnership sharinf profits and losses in the ration 3:2. Georgina is entitled to a salary of $9,000 and interest on capital is paidf at a rate of 8% per annum. The partner's capital balances are:

Anastasia $75,000

Georgina $60,000

The partnership statement of profit or loss for the year shows a profit of $58,500.

Calculate how much of the total profit is Anastasia entitled to

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