Appropriation Account Kudu Wale Interest on cap... - JAMB Accounting 1999 Question
Appropriation Account
Kudu Wale
Interest on capital 750 550
Salaries 800 600
Share of profits 3,300 3,300
Determine the net profit of the partnership.
Kudu Wale
Interest on capital 750 550
Salaries 800 600
Share of profits 3,300 3,300
Determine the net profit of the partnership.
A
N 9,300
B
N 6,600
C
N4,850
D
N 4,450
correct option: a
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