WAEC Accounting 2024 Objective — Question 32
Question 32 of 50 from the West African Examinations Council (WAEC) Accounting 2024 Objective paper, with the correct answer and a full explanation.
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Ejire's share of profit is
- A. #45,000
- B. #38,000
- C. #34,000
- D. #19,000Correct
Explanation
After deducting interest on capital (#30,000) and salaries (#52,000) from #120,000, #38,000 remains, shared equally to give Ejire #19,000.
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