Use the following information to answer the question below
N
Net profit -------------------------17,460
Capital account: Taiwo--------50,000
Obi----------40,000
Drawings Account: Taiwo----12,000
Obi-------10,000
Salary - Obi---------------------1,500
Interest on capital--------------5%
Interest on drawings----------4%
Profit sharing ratio is 3:2 for Taiwo and Obi respectively
Taiwo's share of profit is------
a
8,960
b
7,404
c
4,936
d
3,296
Explanation
Correct Option
bNo explanation available
Video Explanation
No video available
Post your Contribution
Share:
Discussions (0)
No comments yet
Be the first to comment

