Halidu and Hamed are business partners with N30,000 and N20,000 capital respectively. At the end of the financial year, a profit of N12,000, which included Halidu's salary of N3,000 was made.
Halidu's share of the profit is

Similar Questions

Use the following information to answer the given question \(\begin{array}{c|c} & \text{1/1/8...

Which of the following errors will affect the totals of a trial balance? ...

The interest on partner's loan is ...

When the letter "C" is written in front of an entry in the folio column of a cash book, it...

Which of the following concept stipulates that accounting profit is the difference between revenue a...

In the absence of an agreement, partners share profits ...

Use the following information to answer the given questions \(\begin{array}{c|c} & N \\ \hl...

An overdraft is usually shown as a ...

Which of the following accounts would appear in the nominal ledger?  i. Sanison's account(...

Specific principles, bases, conventions, rules and practices adopted by an enterprise in preparing a...