\(\begin{array}{c|c} & Baba & Tude\\ & N &...
Use the following information to answer the given question
BabaTudeNNCapital Accounts 1 January, 200040,00050,000Current Accounts 1 January, 200020,000Cr15,000CrDrawings during the year4,00015,000Salaries5,0005,000 Interest on capital is 10%, the net profit for the year is N40,000.
The shares of profit of each partner is
N20,000
N10,500
N5,000
N4,000
Correct answer is B
No explanation has been provided for this answer.
The amount allowed off the cost price of an article to stimulate patronage is ...
Which of the following is a real account item? ...
What is the effect of transaction when cash is paid into the bank? ...
In single entry and incomplete records, the net assets method used to ascertain profit is ...
Replacement and renewal of fixed assets are? ...
Which of the following categories of labour cost will be classified as direct? ...
In the operation of an imprest of petty cash, the ...
Use the following information to answer the given question \(\begin{array}{c|c} & ₦ \\ \h...