Appropriation Account Kudu Wale Interest on capital 750 550 Salaries 800 600 Share of profits...

JAMB 1999

Appropriation Account

Kudu Wale
Interest on capital 750 550
Salaries 800 600
Share of profits 3,300 3,300
Determine the net profit of the partnership.

A. N 9,300
B. N 6,600
C. N4,850
D. N 4,450

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Correct Answer: Option A

Explanation

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