WAEC - Accounts Principles Of Accounts (2020 - No. 14)

Use the following information to answer the question below
Ata. Bubu and Chikum were in partnership sharing profits and losses in proportion to their capital contributions:

 Capital Drawings
Ata 40,000 8,000
Bubu  30,000  5000
Chikum 20,000  -
Net profit for the year was 40,500 and the interest on capital was 5% per annum

Bubu's share of profit is

N16,000
N12,000
N8,000
N4,000

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