\(\begin{array}{c|c} & Ade(N) & Bola(N) \\ \hline...
Use the following information to answer the question below
Ade(N)Bola(N)Capital40,00030,000Drawings10,00015,000
Interest on drawing is 5%; profit is shared equally.
Ade's share of profit is
N5,500
N4,250
N2,750
N1,250
Correct answer is C
No explanation has been provided for this answer.
Purchases of goods from Obi had been entered in Obike's Account. This is an error of ...
Which of the following is a source of the local government Revenue? ...
Payment for shares in installments is done by means of ...
The double entry principle states that ...
The total credit sales for a period can be extracted from the ...
The parties who are paid last in the event of winding-up are ...
\(\begin{array}{c|c} & N \\ \hline \text{Sales} & 14,600 \\ \text{Purchases} & 5,500 \\ ...