\(\begin{array}{c|c} & & ₦ \\ \hline \text{capital accounts:} & Ojo & 40,000 \\ & Aina & 20,000 \\ \text{Drawings:} & Ojo & 10,000 \\ & Aina & 6,000 \\ \text{Interest on capital} & -5\text{%} & \\ \text{interest on drawings} & -10\text{%} & \\ \text{Net profit for the year} & N30,00 & \\ \text{Net profit for the year – Ojo} – \frac{2}{3} & & Aina – \frac{1}{3} \end{array}\)
The divisible profit for the year
- ₦31,600
- ₦31,400
- ₦904,000
-
₦28,600
