Question on: JAMB Accounting - 2005

Use the information below to answer question

Jide and Haruna contribute N12000 each as capital and share profit equally. Jide draws N1500 and Haruna N1700 half-yearly. The profit for the year is N10000. Jide receives a salary of N2000.

Calculate the profit available for appreciation?

A
N12 000
B
N10 000
C
N8 000
D
N7 000
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Correct Option: C

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