Use the following information to answer the given question,
Interest on capital is 10%, the net profit for the year is N40,000. The shares of profit of each partner is
A N20,000
B N10,500
C N5,000
D N4,000
Answer is B
Tutors, Past Questions and Projects.
Use the following information to answer the given question,
Interest on capital is 10%, the net profit for the year is N40,000. The shares of profit of each partner is
A N20,000
B N10,500
C N5,000
D N4,000
Answer is B
