Question on: WAEC Accounting - 2006
Use the following information to answer the given question.
\(\begin{array}{c|c} & Ebrima & Jaiteh\ & D & D \ \hline Capital & 2,000 & 10,000\ Drawings & 2,400 & 10,000\ Salary & - & 900\ \text{Profit sharing ratio} & \frac{3}{5} & \frac{2}{5}\end{array}\)
Profit for the year before 5% interest on capital was D18,000. Ebima's share was
\(\begin{array}{c|c} & Ebrima & Jaiteh\ & D & D \ \hline Capital & 2,000 & 10,000\ Drawings & 2,400 & 10,000\ Salary & - & 900\ \text{Profit sharing ratio} & \frac{3}{5} & \frac{2}{5}\end{array}\)
Profit for the year before 5% interest on capital was D18,000. Ebima's share was
A
D10,440
B
D9,900
C
D7,560
D
D6,600
Ask EduPadi AI for a detailed answer
Correct Option: B
Add your answer
Please share this, thanks!
No responses