Categories: Accounting WAEC

Attama’s share of profit is?

Use the following information below to answer this question.

Attama and Wawa were in partnership sharing profits and losses in the ratio 4:3. Attama was entitled to a salary of D13,000 per annum. A net profit of D34,000 was made for the year.

 

A. D21,000
B. D19,428
C. D12,000
D. D9,000

Correct Answer:

Option C = D19,428

Sunday

Recent Posts

FST 111 Theory Question: Food Security Determinants and Preservation Methods

100 Level Department of Food Technology exam questions and detailed answers. Download the answers in document…

2 days ago

FST 111 Theory Question: Population Growth, Agriculture, and Food Security Analysis

100 Level Department of Food Technology exam questions and detailed answers. Download the answers in document…

2 days ago

EED 413 Theory Question: Population Growth, Agriculture and Food Security Analysis

100 Level Department of Food Technology exam questions and detailed answers. Download the answers in document…

2 days ago

FST 111 Theory Question: Agricultural Concepts and Animal Management Guide

100 Level Department of Food Technology exam questions and detailed answers. Download the answers in document…

2 days ago

EED 413 Theory Question: Comprehensive Guide to Business Plan Scope and Succession Planning

400 Level Department of Entrepreneurship Development Centre exam questions and detailed answers. Download the answers in…

2 days ago

EED 413 Theory Question: Business Plan Scope and Succession Planning Guide

400 Level Department of Entrepreneurship Development Centre exam questions and detailed answers. Download the answers in…

2 days ago