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\(\begin{array}{c|c} & Halima & Ibinabo \\ & ...

HalimaIbinaboNNCapital accounts 1st Jan, 1992100,00050,000Current accounts 1st Jan, 199220,00040,000Drawing during the year10,00015,000Annual salaries14,00012,000


Interest on capital is 10%. The net profit for the year is N60,000. The shares of profit of each partners is

A.

N17,000

B.

N15,000

C.

N10,750

D.

N10,000

E.

N9,500

Correct answer is E

No explanation has been provided for this answer.