Ant and Bee withdrew GH⊄ 14,000 and GH⊄ 10,000 ...
Use the following information to answer the question
Ant and Bee withdrew GH⊄ 14,000 and GH⊄ 10,000 respectively at 8% per annum from the partnership.
The interest on drawings for Ant is
GH⊄ 800
GH⊄ 1,920
GH⊄ 1,120
GH⊄ 700
Correct answer is C
Interest on Drawings for Ant = GH⊄ 14,000 x 8%
Interest on Drawings for Ant = GH⊄ 14,000 x 0.08
Interest on Drawings for Ant = GH⊄ 1,120
An evidence of payment issued to a government ministry by a revenue collector is ...
In Manufacturing Account, prime cost plus factory overhead is known as ...
Cost of raw materials available------ 32,000 Manufacturing wages -----10,000 Factory expenses...
The purpose of the trading account is to ascertain ...
Which of the following is an asset? ...
Which of the following expresses the accounting equation? ...
\(\begin{array}{c|c} & N \\ \hline sales & 45,000 \\ \text{Opening stock} & 20,000 \\ \t...