Use the information below to answer question Jide and Haruna contribute N12000 each as capital...
FINANCIAL
JAMB 2005
Use the information below to answer question
Jide and Haruna contribute N12000 each as capital and share profit equally. Jide draws N1500 and Haruna N1700 half-yearly. The profit for the year is N10000. Jide receives a salary of N2000.
The balances of current accounts of Jide and Haruna are respectively?
- A. N6000 and N5000
- B. N3000 and N3400
- C. N4000 and N4000
- D. N3000 and N600
Correct Answer: D. N3000 and N600
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