WAEC - Accounts Principles Of Accounts (2021 - No. 6)

Use the following information below to answer this question.

Attama and Wawa were in partnership sharing profits and losses in the ratio 4:3. Attama was entitled to a salary of D13,000 per annum. A net profit of D34,000 was made for the year.

The residual profit of the business for the year is

D47,000
D34,000
D22,000
D21,000

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