CSEC Principles of Accounts · May/June 2014 · Paper 2 · Question 1(a)

Swigger and Thirst formed a partnership on 01 January 2013 with total capital of 60 000, where Swigger contributed 40 000 and Thirst contributed the rest. Profit sharing ratio is 2:1. Drawings for 6 months ended 30 June 2013 were Swigger 8 000 and Thirst 600. Six-month profits were 15 380, unrecorded revenues earned were 620, interest on capital 10% p.a., interest on drawings 5% p.a., and Thirst's annual salary $18 000.

State the amount of capital contributed by Thirst.

This question uses a figure or table from the paper — you'll see it when you practise.