\(\begin{array}{c|c} & & ₦ \\ \hline \text{capi...
\(\begin{array}{c|c} & & ₦ \\ \hline \text{capital accounts:} & Ojo & 40,000 \\ & Aina & 20,000 \\ \text{Drawings:} & Ojo & 10,000 \\ & Aina & 6,000 \\ \text{Interest on capital} & -5\text{%} & \\ \text{interest on drawings} & -10\text{%} & \\ \text{Net profit for the year} & N30,00 & \\ \text{Net profit for the year - Ojo} - \frac{2}{3} & & Aina - \frac{1}{3} \end{array}\)
Ojo's share of profit for the year is
₦21,067
₦20,9333
₦20,000
₦19,067
Correct answer is D
No explanation has been provided for this answer.
In trial balance, income and liabilities are ...
Cost of raw materials consumed 300,600 Carriage inwards 6,700 Returns of raw materials 10,800 Clo...
The purchase of two generators by Hassan Electronics Enterprises should be recorded as? ...
Capital expenditure is the ...
The yearly depreciation using the straight-line method would be ...