Abid and Onik were in partnership sharing profit in the r...
Abid and Onik were in partnership sharing profit in the ratio 3 : 2. Their respective capitals were N4,000 and N2,000 and their drawings N1,800 and N1,200. Profit during the year was N5,400; before 5% interest on capital. No interest was chargeable on drawings. What was the balance carried down on Abid's current account?
N940
N1,460
N2,040
N3,060
N3,600
Correct answer is B
No explanation has been provided for this answer.
How much rent is apportioned to department K? ...
Le Capital (01/01/2020) 1,93...
Cost classification in relation to charges is determined by the level of? ...
LOAN IS 30% OF CREDITORS. A company has departments S,T and U. The sales are N20,000,20,000, N40,...
The standing order is a payment instruction given by a? ...
Carriage outward expenses of a business are treated in the ...
Which of the following bases of accounting does not make allowance for depreciation? ...