Use the following information to answer the question Ant and Bee withdrew GHC 14,000 and
FINANCIAL
WAEC 2023
Use the following information to answer the question
Ant and Bee withdrew GHC 14,000 and GHC 10,000 respectively at 8% per annum from the partnership.
The total interest on drawings to be charged to profit and loss appropriation account is
- A. GHC 1,120
- B. GHC 1,920
- C. GHC 700
- D. GHC 800
Correct Answer: B. GHC 1,920
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