WAEC Accounting 2019 Objective — Question 26

(using: Ajem and Ogah were in partnership sharing profits and losses in the ratio 2:3. Interest on capital and drawings were 5% and 3% respectively. Details: Ajem Capital GH¢60,000, Current GH¢40,000, Drawings GH¢20,000, Salary GH¢10,000; Ogah Capital GH¢65,000, Current GH¢50,000, Drawings GH¢30,000. Net profit was GH¢100,000.) Ogah's share of profit was

• A. GHe51,150
• B. GH¢50,250Correct
• C. GH¢34,100
• D. GH¢33,500