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%. What is William's interest on capital?
N10,000
N7,000
N6,000
N4,000
Correct answer is C
No explanation has been provided for this answer.
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