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WASSCE
Use the following information to answer questions below
Attama and Wawa were in partnership sharing profits and losses in the ratio 4:3. Attama was entitled to salary of D 13,000 per annum.
A net profit of D 34,000 was made for the year.
- The residual profit of the business for the year is
A.
D 47,000
B.
D 34,000
C.
D 22,000
D.
D 21,000
Answer: D
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