Use the following information to answer questions below Teteh and Kukuma are in partnership with capital balances of #300,000 and #200,000 respectively. The...

Assessment: WAEC SSCE - Financial Accounting - 2022 (Objective) Subject: Financial Accounting

Question 1 Report

Use the following information to answer questions below

Teteh and Kukuma are in partnership with capital balances of #300,000 and #200,000 respectively. They agreed to share profit on the basis of their capital. The profit for the year is #150,000 and the interest on capital is 5%.

Teteh's share of interest on capital is

#15,000

#25,000

#10,000

#75,000