WAEC Accounting 2020 Paper

Concept:Profit is shared in proportion to each partner’s capital contribution.Therefore, a partner’s share depends on the ratio of their capital to the total capital of the partnership.Explanation:The partnership rule given is:$$\text{Partner's share} = \frac{\text{Partner's capital}}{\text{Total capital of all partners}} \times \text{Net profit}$$To find Bubu’s share, we need two values: Bubu’s capital contribution and the total capital of Ata, Bubu and Chikum.We also need the net profit earned by the partnership for the period.However, none of these actual amounts or figures are supplied in the question.Only the profit-sharing rule is stated, but without capital figures or net profit, no calculation can be made.Thus, Bubu’s share of profit cannot be computed from the information given.Answer:Cannot be determined from the given information. No valid option among A, B, C or D is correct.