begin array c c amp amp hline text capital acco... - WAEC Accounting 2003 Question
\(\begin{array}{c|c} & & ₦ \ \hline \text{capital accounts:} & Ojo & 40,000 \ & Aina & 20,000 \ \text{Drawings:} & Ojo & 10,000 \ & Aina & 6,000 \ \text{Interest on capital} & -5\text{%} & \ \text{interest on drawings} & -10\text{%} & \ \text{Net profit for the year} & N30,00 & \ \text{Net profit for the year - Ojo} - \frac{2}{3} & & Aina - \frac{1}{3} \end{array}\)
Ojo's share of profit for the year is
Ojo's share of profit for the year is
A
₦21,067
B
₦20,9333
C
₦20,000
D
₦19,067
correct option: d
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