Account 2019 JAMB Past Questions - Question 15: Use the information below to answer this questionThe partnership agreement between Abba, Baba and Kaka contains the following provision:(i) 5% interest to be paid on capital and no interest to be charged on drawings(ii) Profits and losses to be shared in the ratio 3:2:1 respectively(iii) net profit as at 31/12/95 N 2,250.Current account balance of Kaka at the end of the year will be

Use the information below to answer this question

The partnership agreement between Abba, Baba and Kaka contains the following provision:
(i) 5% interest to be paid on capital and no interest to be charged on drawings
(ii) Profits and losses to be shared in the ratio 3:2:1 respectively
(iii) net profit as at 31/12/95 N 2,250.Current account balance of Kaka at the end of the year will be