Rakiya and Joy are in partnership and agreed that 5% inte...
Rakiya and Joy are in partnership and agreed that 5% interest per annul is to be charged on drawings. The drawing made by both partners in one year were: Rakiya, N200 on March 31 and N300 on September 30. Joy, N100 on April 1 and N240 on July 1.
The interest on joy's drawing is
N6.00
N7.25
N9.00
N9.75
Correct answer is D
No explanation has been provided for this answer.
Ant and Bee withdrew GH⊄ 14,000 and GH⊄ 10,000 respectively at 8% per annum from the partn...
Which of the following is the basis of accounting in the Civil Service? ...
Sulah took two textile materials worth N500 from his business for his children's use. This would...
A bank statement shows an overdraft of GH¢ 190,000. Kofi a debtor paid GH¢ 400,000 into th...
Which of the following is not a factory overhead cost? ...
Adamu Stores bought accessories from Mu'azu Beverages for N400 on credit. A trade discount of 10...