\(\begin{array}{c|c} & & ₦ \\ \hline \text{capi...
₦capital accounts:Ojo40,000Aina20,000Drawings:Ojo10,000Aina6,000Interest on capital−5%interest on drawings−10%Net profit for the yearN30,00Net profit for the year - Ojo−23Aina−13
Ojo's share of profit for the year is
₦21,067
₦20,9333
₦20,000
₦19,067
Correct answer is D
No explanation has been provided for this answer.
Discount received is charge to ...
Which of the following does not appear in a bank statement? ...
Investment at cost of a company is to be disclosed under ...
The amount by which assets exceed specific liabilities is called ...
What is the effect of transaction when cash is paid into the bank? ...
\(\begin{array}{c|c} & N \\ \hline \text{Opening stock of raw materials} & 8,000\\ \text{Pur...
Use the following to answer the given question \(\begin{array}{c|c} & N \\ \hline sales &am...
Trade debts amounting to N300 were written off. Which of the following would be affected? ...