Use the following information to answer the que... - WAEC Accounting 2014 Question
Use the following information to answer the question given.
\(\begin{array}{c|c} Capital & Le \ \hline Aye & 20,000\ Bee & 30,000\ Drawings & \ Aye & 8,000 \ Bee & 2,000 \ \text{Profit for the year} & 2,000\ \text{Interest on capital-6%} & \ \text{Interest on drawings - 10%} & \end{array}\)
Profit sharing is in the ratio of capital. The divisible profit is
\(\begin{array}{c|c} Capital & Le \ \hline Aye & 20,000\ Bee & 30,000\ Drawings & \ Aye & 8,000 \ Bee & 2,000 \ \text{Profit for the year} & 2,000\ \text{Interest on capital-6%} & \ \text{Interest on drawings - 10%} & \end{array}\)
Profit sharing is in the ratio of capital. The divisible profit is
A
Le 14,000
B
Le 12,000
C
Le 10,000
D
Le 8,000
correct option: d
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