\(\begin{array}{c|c} & J. Chike & B. Balla \\ &am...
Use the following information to answer the given question
J.ChikeB.BallaNNCurrent Accounts balance(1/4/98)4,0006,000Current Accounts balance (1/4/99)7,000?Drawings1,5001,500Share of net profit?2,500
Their profit sharing ratio is
1 : 8 : 1
1 : 5 : 1
1 : 25 : 1
1 : 1
Correct answer is B
No explanation has been provided for this answer.
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