Use the following information to answer the given question
| J. Chike
N |
B. Balla
N |
|
| Current Accounts balance(1/4/98) | 4,000 | 6,000 |
| Current Accounts balance (1/4/99) | 7,000 | ? |
| Drawings | 1,500 | 1,500 |
| Share of net profit | ? | 2,500 |
A. 1 : 8 : 1
B. 1 : 5 : 1
C. 1 : 25 : 1
D. 1 : 1
Correct Answer:
Option B – 1 : 5 : 1
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