Show the current accounts for harold and george cobb

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Reference no: EM131201668

Practice questions:

Using the information from Question, show the current accounts for Harold and George Cobb for the year ending 31 December 1998.

Question
Two brothers, Harold and George Cobb, are in partnership trading as H&G Tool Hire, The following information is available for the year ending 31 December 1998:

	Harold	George
Capital accounts	£20,000	£60,000
Drawings	£35,000	£32,000
Interest on drawings	£1,500	£1,000
Salaries	£15,000	£10,000
Profit share	60%	40%

Reference no: EM131201668

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