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.

Applied MathematicsProfit SharingAccountingFinancial Mathematics
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 = a:ba:b and the total profit is PP, then
Abu's share of profit =aa+b×P= \frac{a}{a+b} \times P
Ojo's share of profit =ba+b×P= \frac{b}{a+b} \times P
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.

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