Faruk and Osawe are in partnership sharing profits and losses in the ratio of 3:7. Faruk is to receive a salary of N9 000. In one accounting period, the business recorded a loss of N1 500 (before deduction of Faruk's salary). The appropriate distribution of the net loss would be?
a
Faruk, (N450); Osawe, (N1 050)
b
Faruk, (N3 150); Osawe, (N7350)
c
Faruk, (2 250); Osawe, (N7 350)
d
Faruk, (N450); Osawe, (N1 050)
Explanation
Correct Option
dNo explanation available
Video Explanation
No video available
Post your Contribution
Share:
Discussions (1)
Nwa-Teacher
12 years ago
Yes opt D z d corect ans b/c in aproprietion a/c d sharin profit/loss ratio z 3:7,by lookin @ dis, d 2 partnas ran loss of 1500, Faruk shar =3/10*1500=450ans, Osawe=7/10*1500=1050ans. Dere4 Faruk 450, Osawe=1050. 4 more explan call 07037515020 or facebuk Agbo Anselem
