Attama and Wawa were in partnership sharing profits and l...
Use the following information below to answer this question.
Attama and Wawa were in partnership sharing profits and losses in the ratio 4:3. Attama was entitled to a salary of D13,000 per annum. A net profit of D34,000 was made for the year.
The residual profit of the business for the year is
D47,000
D34,000
D22,000
D21,000
Correct answer is A
No explanation has been provided for this answer.