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WAEC Accounting 2014 Objective — Question 33

Question 33 of 50 from the West African Examinations Council (WAEC) Accounting 2014 Objective paper, with the correct answer and a full explanation.

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Using the same information, Aye's share of profit is

  • A. Le6,000
  • B. Le4,800
  • C. Le4,000
  • D. Le3,200Correct

Explanation

Aye's share = (20,000/(20,000+30,000))×8,000 = Le3,200.

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