Appropriation Account TAYO TOPE ₦ ₦ interest on capital 750 550 Salaries 800 600 Share
FINANCIAL
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
Correct Answer: B. ₦9,300
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