Williams and Jacob are in partnership but there is no par...
Williams and Jacob are in partnership but there is no partnership agreement. The capital contributed are N60,000 and N40,000 respectively. Profit for the year is N20,000. Interest on capital is 10%. If Williams introduces cash of N10,000 by way of loan to the partnership, how much interest will he earn per annum on the loan?
N2,000
N1,500
N1,000
N500
Correct answer is D
No explanation has been provided for this answer.
In a sales ledger, contra entry is found on the? ...
In a control account, provision for bad debts is found on the ...
Which of the following is found in a receipts and payments account? ...
Use the following information to answer the given question \(\begin{array}{c|c} & N \\ \hli...
The allocation of funds from treasury to accounting heads in public sector is ...
Public sector accounting is based on ...
Which of the following is used to update the cash book in bank reconciliation? ...
Which of these accounts is dissolution expenses credited? ...