The business records for the graphic design partnership for the year ended 30 June 2003 show the following results.
P/ship |
Alysia's share |
|
Total business income |
$16,000 |
$8,000 |
Total expenses |
$4,000 |
$2,000 |
Net income or loss for 2003 |
$12,000 |
$6,000 |