Accounting JAMB

Find Modibbo’s share of the profit?

The partners capital are: Modibbo #60,000
and Jakata #90,000. The partners share
profit and losses in the ratio of their capital
contributions.
The net profit for the year is #12,000.

A. #62,000
B. #48,000
C. #44,000
D. #43,000

Correct Answer:

Option B – #48,000

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