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Accounts (Principles of Accounts) · Partnership accounts

Accounts (Principles of Accounts)Partnership accountsJAMB

Ade and Bola share profits in the ratio 3 : 2. Profit after appropriations is ₦250,000. Find Bola's share.

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Answer: A. ₦100,000

2/5 × 250,000 = ₦100,000.

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