Jide and Haruna contribute N12000 each as capital and share profit equally. Jide draws N1500 and Haruna N1700 half-yearly. The profit for the year is N10000. Jide receives a salary of N2000.

The balances of current accounts of Jide and Haruna are respectively?

Similar Questions

Which of the following terms describes the provision made for the loss in the value of an asset that...

Given: ................Cash Book........................ Capital..........N6,500........purchases....

i. Direct materials ii.Direct labour iii.Direct expenses iv. Factory expenses Prime cost consi...

Capital: opening balance 307,000 closing balance 342,000 Net profit for the period 121,600 Openin...

Alabede (NIG) limited issued 50 000 ordinary shares of N1 each at a market value of N2.50 each. the ...

A piece of equipment costing N120,000 was purchased on 1/1/1996. Depreciation was provided at 20% pe...

                            &n...

Which of the following is not a profit and loss appropriation account item? ...

The head office of Emeka Stores maintains the financial accounts of all its branches. The branch sto...

The Auditor General of the Federation can be removed by the? ...