The questions ask for: - Abu's share of the profit. - Ojo's share of the profit for the year. - The balance on Abu's current account.
2025/6/4
I can see the questions, but to provide solutions for questions 48, 49 and 50, I need more context. Specifically, I need to know information about the profit sharing ratio between Abu and Ojo and any details relevant to Abu's current account such as initial balance, drawings, interest on capital, salary, etc.
1. Problem Description
The questions ask for:
- Abu's share of the profit.
- Ojo's share of the profit for the year.
- The balance on Abu's current account.
2. Solution Steps
Without additional information, I cannot solve these problems. Here are the steps *if* the required information was available:
Question 48 & 49:
If the profit sharing ratio is given, for example, Abu:Ojo = and the total profit is , then
Abu's share of profit
Ojo's share of profit
Question 50:
Abu's current account balance can be calculated as:
Opening Balance + Interest on Capital + Salary + Share of Profit - Drawings.
3. Final Answer
Cannot answer without more information.