Accounts - Principles of Accounts
JAMB 1995
Halidu and Hamed are business partners with N30,000 and N20,000 capital respectively. At the end of the financial year, a profit of N12,000, which included Halidu's salary of N3,000 was made.
Halidu's share of the profit is
-
A.
N7,500
-
B.
N6,000
-
C.
N5,400
-
D.
N4,500
Correct Answer: Option C
Explanation
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