Use the following information to answer the question Ant and Bee withdrew GH⊄ 14,000 and GH⊄ 10,000 respectively at 8% per annum from the partnership. The t...

Assessment: WAEC SSCE - Financial Accounting - 2023 (Objective) Subject: Financial Accounting

Question 1 Report

Use the following information to answer the question

Ant and Bee withdrew GH⊄ 14,000 and GH⊄ 10,000 respectively at 8% per annum from the partnership.
The total interest on drawings to be charged to profit and loss appropriation account is

GH⊄ 1,120

GH⊄ 1,920

GH⊄ 700

GH⊄ 800

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