WAEC - Accounts Principles Of Accounts (2019 - No. 26)

Use the following information to answer the question below

Ajem and Ogah were in partnership sharing profits and losses in the ratio 2:3. Interest on capital and drawings were 5% and 3% respectively. The following details relate to the partnership for the year 2017.
  Ogah Ajem
Capital Account 60,000  65,000
Current Account  40,000  50,000
Drawings  20,000 30,000
Salary 10,000  -
Netprofit was 100,000

Ogah's share of profit was

51,150
50,250
34,100
33,500

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