Use the information below to answer the questionJide and Haruna contribute ₦12...
Question
Use the information below to answer the question
Jide and Haruna contribute ₦12000 each as capital and share profit equally. Jide draws ₦1500 and Haruna ₦1700 half-yearly. The profit for the year is ₦10000. Jide receives a salary of ₦2000.
Calculate the profit available for appreciation.
Options
A)
₦12 000
B)
₦10 000
C)
₦8 000
D)
₦7 000
The correct answer is C.
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