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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