Use the following information to answer the given questio...
Use the following information to answer the given question.
\(\begin{array}{c|c} & Ebrima & Jaiteh\\ & D & D \\ \hline Capital & 2,000 & 10,000\\ Drawings & 2,400 & 10,000\\ Salary & - & 900\\ \text{Profit sharing ratio} & \frac{3}{5} & \frac{2}{5}\end{array}\)
Profit for the year before 5% interest on capital was D18,000. Jaiteh's share of profit was
D10,440
D9,900
D7,560
D6,600
Correct answer is D
No explanation has been provided for this answer.
A partner who only make capital contribution but does not take part in the management of the pa...
Which of the following is found on the credit side of a profit and loss account? ...
Which of the following is not true of capital expenditure? i. assets acquired for the purpose...
\(\begin{array}{c|c} & N \\ \text{Debtors (1/1/98)} & 2,000 \\ \text{Debtors (31/12/98)} &am...
A total of D 9,160 was entered in the sales account as D9,610. To correct this error: debit ...
One of the reasons for the existence of the public sector is to? ...
Hussaina Enterprises sent goods worth #800,000 at cost plus mark-up of 20% to its branch Determin...