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  5. Appropriation Accoun...

Appropriation Account                          ...

Accounts - Principles of Accounts
JAMB 2020

Appropriation Account
                                          TAYO                TOPE
                                              ₦                         ₦
interest on capital             750                    550
Salaries                               800                     600
Share of profit                   3,300                  3,300
Determine the net profits of the partnership

  • A. ₦6,600
  • B. ₦9,300
  • C. ₦4,450
  • D. ₦4,850
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Correct Answer: Option B
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