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.
The balances of current accounts of Jide and Haruna are respectively?
Options
A)
₦6000 and ₦5000
B)
₦3000 and ₦3400
C)
₦4000 and ₦4000
D)
₦3000 and ₦600
The correct answer is D.
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