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WAEC Accounting 2022 Paper

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Question : 28

Total: 50

Use the following information to answer questions below

Teteh and Kukuma are in partnership with capital balances of #300,000 and #200,000 respectively. They agreed to share profit on the basis of their capital. The profit for the year is #150,000 and the interest on capital is 5%.

#50,000
#70,000
#90,000
#60,000

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