\(\begin{array}{c|c} & & ₦ \\ \hline \text{capi...
₦capital accounts:Ojo40,000Aina20,000Drawings:Ojo10,000Aina6,000Interest on capital−5%interest on drawings−10%Net profit for the yearN30,00Net profit for the year - Ojo−23Aina−13
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.
Ordinary shareholders received dividend before? ...
Accounting entry for dissolution expenses is ...
The term fiscal compliance means ...
\(\begin{array}{c|c} Capital & Le\\ Aye & 20,000\\ Bee & 30,000\\ Drawings & \\ Aye ...
If sales return is understated, it implies that ------------------------------ is overstated ...