Question on: WAEC Accounting - 2003
\(\begin{array}{c|c} & & ₦ \ \hline \text{capital accounts:} & Ojo & 40,000 \ & Aina & 20,000 \ \text{Drawings:} & Ojo & 10,000 \ & Aina & 6,000 \ \text{Interest on capital} & -5\text{%} & \ \text{interest on drawings} & -10\text{%} & \ \text{Net profit for the year} & N30,00 & \ \text{Net profit for the year - Ojo} - \frac{2}{3} & & Aina - \frac{1}{3} \end{array}\)
The divisible profit for the year
The divisible profit for the year
A
₦31,600
B
₦31,400
C
₦904,000
D
₦28,600
Ask EduPadi AI for a detailed answer
Correct Option: D
Add your answer
Please share this, thanks!
No responses