Use the following information to answer the question
...Use the following information to answer the question
Use the following information to answer the question
AdeBolaNNCapital Accounts60,00040,000Current Accounts10,000Cr6,000CrDrawings8,0002,000
Interest on drawings is 5%, interest on capital is 10%. Profit and losses are shared equally. Net profit for the year is N30,000. Ade's share of profit is
N19,750
N15,250
N15,000
N10,250
Correct answer is D
No explanation has been provided for this answer.
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