Question on: JAMB Accounting - 2005
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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.
The balances of current accounts of Jide and Haruna are respectively?
A
N6000 and N5000
B
N3000 and N3400
C
N4000 and N4000
D
N3000 and N600
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Correct Option: D
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