Accounts > 2003 > 16
WASSCE
Use the following information to answer this question
| ₦ | |
| Capital Accounts: Ojo Aina Drawings: Ojo Aina | 40,000 20,000 10,000 6,000 |
Interest on capital - 5%
Interest on drawings - 10%
Net profit for the year - ₦30,000
Profit sharing ratio - Ojo 2/3 , Aina 1/3
Aina's Current Account balance is
A.
₦9,933
B.
₦9,533
C.
₦6,600
D.
₦3,933
Answer: D
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