A Level Accounting (9706)•9706/11/O/N/18

Explanation
Partnership current account balance calculation requires complete data
Steps:
- Start with P's opening current account credit balance: 20,500.
- Add P's salary: +20,000.
- Add P's share of asset revaluation: +10,000.
- The 10,200 figure is unclear (possibly drawings or profit share for P).
- Subtract P's drawings: individual amount unknown; total partnership drawings 150,000 given but not allocated.
- Add P's share of profit: not provided.
Not enough information to compute exact balance, as profit share and P's specific drawings are missing/ambiguous.
Final answer: Not enough information.
Topic: Preparation of financial statements
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