The partners capital are: Modibbo #60,000 and Jakata #90,000. The partners share profit and losses
FINANCIAL
JAMB 2012
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. Find Modibbo's share of the profit
- A. #62,000
- B. #48,000
- C. #44,000
- D. #43,000
Correct Answer: B. #48,000
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