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

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