Question on: JAMB Accounting - 2019
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Ojo, Sam and Ade are in partnership sharing profit in the ratio 4 : 3 : 1 respectively.
Extract from their books for the year ended are
Interest on drawings and capital is allowed 5% respectively and profit for the year amounted to ₦4,950
Sam's share of profit is
A
7000
B
4921
C
3000
D
991.8
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Correct Option: D
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