A sent B a cheque for ₦2000 to provide him with friends. They agreed to share profits in ratio 3 : 2 and settlement is by cheque.
| Sales Advert Wages Purchases | A ₦ 3200 327 85 1600 | B ₦ 2100 463 70 1100 |
The profit and loss in joint venture with B account in the ledger of A.
A ₦1000
B ₦900
C ₦993
D ₦883
Answer is C
