Faruk and Osawe are in partnership sharing profits and losses in the ratio of 3:7. Faruk is to receive a salary of N9 000. In one accounting period, the business recorded a loss of N1 500 (before deduction of Faruk's salary). The appropriate distribution of the net loss would be?

 

A.

Faruk, (N450); Osawe, (N1050)

B.

Faruk, (N3150); Osawe, (N7350)

C.

Faruk, (2250); Osawe, (N7350)

D.

Faruk, (N450); Osawe, (N1050)

Correct answer is D

No explanation has been provided for this answer.