Use the information below to answer this questi... - JAMB Accounting 2019 Question
Use the information below to answer this question.
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
correct option: d
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