The profit and loss in joint venture with B account in the ledger of A.

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

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