\(\begin{array}{c|c} & & ₦ \\ \hline \text{capital accounts:} & Ojo & 40,000 \\ & Aina & 20,000 \\ \text{Drawings:} & Ojo & 10,000 \\ & Aina & 6,000 \\ \text{Interest on capital} & -5\text{%} & \\ \text{interest on drawings} & -10\text{%} & \\ \text{Net profit for the year} & N30,00 & \\ \text{Net profit for the year - Ojo} - \frac{2}{3} & & Aina - \frac{1}{3} \end{array}\)

The divisible profit for the year

Similar Questions

Purchase:..Raw materials.................N15,000 Finished goods.................N11,400 Stock:.......

Calculate the cost of goods sold. ...

Jumoke and Kunle have an original investment of N25,000 and N15,000 respectively in a partnership. T...

The payee of a cheque is the ...

Receipt and payments account is a summary of the? ...

Opening stock Purchases Sales Closing Stocks ₦ 20,000 70,...

A person who has applied to purchase shares in a company is referred to as ...

The reduction in value of goodwill is ...

The document which serves as the authority to incur expenditure in the public sector is ...

The document which is legal charter of a company that defines the limits of a company's field of...