Appropriation Account                          …

Accounts - Principles of Accounts 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

  • ₦6,600
  • ₦9,300 checkmark
  • ₦4,450
  • ₦4,850

The correct answer is: B

Explanation

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