Ant and Bee withdrew GH⊄ 14,000 and GH⊄ 10,000 ...
Use the following information to answer the question
Ant and Bee withdrew GH⊄ 14,000 and GH⊄ 10,000 respectively at 8% per annum from the partnership.
The interest on drawings for Ant is
GH⊄ 800
GH⊄ 1,920
GH⊄ 1,120
GH⊄ 700
Correct answer is C
Interest on Drawings for Ant = GH⊄ 14,000 x 8%
Interest on Drawings for Ant = GH⊄ 14,000 x 0.08
Interest on Drawings for Ant = GH⊄ 1,120
Which of the following is does not relate to a non-for-profit-making organization? ...
The manufacturing account is prepared to ascertain ...
₦ Capital: Opening balance &n...
The class of shares to which payment of dividend depends on profit is ...
When a new partner is admitted to a partnership, there is a need to revalue the? ...
On Jan. 30 Khalifa withdraw N2500 from the bank for office use. The cash balance at end of the mo...